Group project journey. Please assist with Orbon Inc.
For several years Orbon, Inc., has followed a policy of paying a cash dividend of $0.71 per share and having a 3% stock dividend. In the 2014 annual report, Orbon reported restated earnings per share for 2012 of $1.12.
Problem 1: Calculate the originally reported earnings per share for 2012. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)
Problem 2: Calculate the restated cash dividend per share for 2012 reported in the 2014 annual report for comparative purposes. (Do not round your intermediate calculations and round your final answer to 2 decimal places.)