Time Left:0:28:50 Jiyue Huang: Attempt 1 Question 3 (1 point) The purpose of the earnings per share ratio is O 1) to measure the net income for each common share. O2) to compare the profitability of low-turnover businesses with high-turnover businesses. 3) to measure the revenue earned for each common share. 4) to provide a measure of gross profit to sales. Question 4 (1 point) To arrive at net cash provided by operating activities, it is necessary to report revenues and expenses on a cash basis. Using the Indirect method, this is done by 1) eliminating the effects of income statement transactions that did not result in