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For several years Orbon Incorporated has followed a policy of paying a cash dividend of $0.39 per share and having a 8% stock dividend. In
For several years Orbon Incorporated has followed a policy of paying a cash dividend of $0.39 per share and having a 8% stock dividend. In the 2023 annual report, Orbon reported restated earnings per share for 2021 of $0.99. Required: a. Calculate the originally reported earnings per share for 2021. b. Calculate the restated cash dividend per share for 2021 reported in the 2023 annual report for comparative purposes. Note: For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places
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