For several years erben inc has followed a policy of paying

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Reference no: EM13581736

For several years Erben, Inc., has followed a policy of paying a cash dividend of $0.59 per share and having a 7% stock dividend. In the 2011 annual report, Erben reported restated earnings per share for 2009 of $1.23.

Required:

(a)	Calculate the originally reported earnings per share for 2009.

Earnings per share for 2009

(b)	Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes.

Dividend per share for 2011

Reference no: EM13581736

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