Question
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.58 per share and having a 8% stock dividend. In
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.58 per share and having a 8% stock dividend. In the 2011 annual report, Orbon reported restated earnings per share for 2009 of $1.04. |
Required: |
(a) | Calculate the originally reported earnings per share for 2009. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" 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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