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.
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.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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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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