| For several years Arban, Inc., has followed a policy of paying a cash dividend of $0.47 per share and having a 5% stock dividend. In the 2011 annual report, Arban reported restated earnings per share for 2009 of $0.93. |
| Required: | |
| (a) | Calculate the originally reported earnings per share for 2009. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the “$” sign in your response.) |
| Earnings per share for 2009 | $ |
| (b) | Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the “$” sign in your response.) |
| Dividend per share for 2011 | $ |
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