Earnings per share and cash dividends for fiscal


For the fiscal year ended March 31, 2007, a company reported earnings per share of $3.25 and cash dividends per share of $0.50. During fiscal 2008, the company had a 3 for 2 stock split. In the annual report for the fiscal year ended March 31, 2008, earnings per share and cash dividends for fiscal 2007 would be reported, respectively, as:

A) $3.25 and $0.50

B) $4.85 and $0.75

C) $2.17 and $0.33

D) $1.09 and $0.17

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Earnings per share and cash dividends for fiscal
Reference No:- TGS062691

Expected delivery within 24 Hours