Note that the latest information on the number of shares outstanding is nearly 2 months after the balance sheet date. Activision Blizzard has reported the number of basic shares outstanding on the front page of its form 10-K. Thus, the outstanding weighted average shares of a company for the given year is 5,82,500 shares. Essential Financial Formulas You Should Know This adjustment is crucial because it reflects the worst-case scenario for current shareholders, where the maximum number of shares is considered. For…