For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.75 per share and having a 10% stock dividend. In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $3.60. a. Calculate the originally reported earnings per share for 2012. Round the answer to two decimal places. b. Calculate the restated cash dividend per share for 2012 reported in the 2014 annual report for comparative purposes. Round the answer to two decimal places.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.75 per share and having a 10% stock dividend. In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $3.60.

a. Calculate the originally reported earnings per share for 2012. Round the answer to two decimal places.

b. Calculate the restated cash dividend per share for 2012 reported in the 2014 annual report for comparative purposes. Round the answer to two decimal places. 

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