Earnings per Share $($EPS$)$ is calculated as follows:

Group of answer choices

$($Net Income less any dividends for preferred shares$)/($Total Number of Authorized Common Shares$)$

$($Total Net Income$)/($Total Number of Authorized Common Shares$)$

$($Operating Income$)/($Average Number of Common Shares Issued$)$

$($Net Income less any dividends for preferred shares$)/($Weighted Average Number of Common Share Outstanding$)$