Investors tend to focus on the bottom line when conducting financhal analyses: Thus fac you have calculated earnings per share (EPS) as the net. income available to common sharehoiders divided by the number of common shares outstanding. However, when firms use a lot of hybrid securites. their earnings can be distorted. As a result, a few different methods exist for reporting EPS. Read the following statement, which describes one of these reporting methods: Earnings avaltable to common shareholders are divided by the average number of shares actually outstanding during the accounting period. ISentily which of the reporting methods this statement describes: Primary EPS Diluted EPS Basic EDS