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For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.42 per share and having a 7% stock dividend. In

For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.42 per share and having a 7% stock dividend. In the 2020 annual report, Orbon reported restated earnings per share for 2018 of $1.09. Required:

  1. Calculate the originally reported earnings per share for 2018.
  2. Calculate the restated cash dividend per share for 2018 reported in the 2020 annual report for comparative purposes.

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