For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.45 per

Question:

For several years Orbon Inc. has followed a policy of paying a cash dividend of $0.45 per share and having a 10% stock dividend. In the 2020 annual report, Orbonreported restated earnings per share for 2018 of $2.70.

Required:

a. Calculate the originally reported earnings per share for 2018. Round your answer to two decimal places.

b. Calculate the restated cash dividend per share for 2018 reported in the 2020 annual report for comparative purposes. Round your answer to two decimal places.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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