Evaluate the initially reported earnings per share

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Reference no: EM134155

Question :

For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.49 per share and having a 9 percent stock dividend. In the 2011 annual report, Orbon reported restated earnings per share for 2009 of $1.20.

Required:

(a)         

Evaluate the initially reported earnings per share for 2009.

Earnings per share for 2009         $

(b)         

Determine the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes.

Dividend per share for 2011        $

Reference no: EM134155

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