Following is the stockholders' equity section from the Toyota Motor Corporation's balance sheet for the 2018 fiscal year, which ended on March 31, 2018. Toyota Motor Corporation Shareholders' Equity (Millions of Yen) March 31, 2018 Common stock, no par value: authorized 10,000,000,000 shares, issued 3,262,997,492 shares at March 31, 2018 ¥397,050 Additional paid-in capital 487,502 Retained earnings 19,473,464 Accumulated other comprehensive income (loss) 435,699 Treasury stock, at cost: 353,073,500 shares at March 31, 2018 (2,057,733) Total Toyota Motor Corporation shareholders' equity ¥18,735,982 Required a. Toyota has repurchased 353,073,500 shares that comprise its March 31, 2018 treasury stock account. Compute the number of outstanding shares as of March 31, 2018. Answer b. Assume that all of this treasury stock had been acquired in one purchase on July 1, 2017. What is the denominator of the basic EPS calculation? Round to nearest whole number. Answer
