For several years Orbon. Inc., has followed a policy of paying a cash dividend o

Question

For several years Orbon. Inc., has followed a policy of paying a cash dividend of $0.52 per share and having a 5% stock dividend In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $1.05 Required: Calculate the originally reported earnings per share for 2012 (Do not round your intermediate calculations and round your final answer to 2 decimal places.) Calculate the restated cash dividend per share for 2012 reported in the 2014 annual report for comparative purposes (Do not round your Intermediate calculations and round your final to 2 decimal places.)

Explanation / Answer

Answer:a EPS=1.17

Answer:b DPS=0.47

2012 Annual Report: 2013 Annual Report: 2014 Annual Report: As reported in the: 2012 2012 2013 2012 2013 2014 Earnings per share. . . . . . . . a. $1.17 $1.10 N/A $1.05 N/A N/A Cash dividends per share . . . $0.52 $0.49 N/A b. $0.47 N/A N/A

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