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Exercise 10-10 Calculate EPS and dividends per share before stock split [LO 9] For several years Orbon, Inc., has followed a policy of paying a
Exercise 10-10 Calculate EPS and dividends per share before stock split [LO 9] For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.49 per share and having a 9% stock dividend. In the 2011 annual report, Orbon reported restated earnings per share for 2009 of $1.20. Required: (a) Calculate the originally reported earnings per share for 2009. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.) Earnings per share for 2009 $ (b) Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.) Dividend per share for 2011 $
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