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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 "tiny_mce_markerquot; 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 "tiny_mce_markerquot; sign in your response.)
Dividend per share for 2011 $
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