Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 5

Calculate EPS and dividends per share before stock split For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.40 per share and having a 10% stock dividend. In the 2017 annual report, Orbon reported restated earnings per share for 2015 of $1.80.
Required:
a. Calculate the originally reported earnings per share for 2015. Round your answer to two decimal places.
b. Calculate the restated cash dividend per share for 2015 reported in the 2017 annual report for comparative purposes. Round your answer to two decimal places.