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swileyd
Oct 26, 2009, 08:15 AM
For several years Orbon Inc has followed a policy of paying a cash dividend of $1.20 per share and having a 10% stock dividend. In the 2009 annual report, Orbon reported restated earning per share for 2007 of $2.70.

a. Calculate the originally reported earnings per share for 2007
b. Calculate the restated cash dividend per share for 2007 reported in the 2009 annual report

morgaine300
Oct 26, 2009, 09:52 PM
Please see the guidelines for posting homework problems:
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