The payout ratio is calculated by Select one: O dividing dividend per share by the market price per share. O dividing cash dividends declared by net income. O dividing income available to common shareholders by the weighted average number of common shares. dividing income available to common shareholders by average common shareholders' equity. Which of the following statements is incorrect related to basic earnings per share? Select one: Basic earnings per share are not required for companies utilizing ASPE O A lower basic earnings per share measure suggests improved performance, Basic earnings per share are presented in the income statement by publicly-traded companies. Basic earnings per share is calculated by dividing income available to common shareholders by the weighted average number of common shares