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 restated cash dividend per share for 2015.
b. Calculate the restated cash dividend per share for 2015 reported in the 2017 annual report for comparative purpose.