For the fiscal year ended March 31, 2017, a company reported earnings per share of $1.95 and cash dividends per share of $0.30. During fiscal 2018, the company had a 3-for-2 stock split. In the annual report for the fiscal year ended March 31, 2018, earnings per share and cash dividends for fiscal 2017 would be reported, respectively, as:

Question

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After a 3-for-2 stock split, the number of shares increases by 50%, so the earnings and dividends per share for fiscal 2017 must be adjusted by dividing by 1.5. Thus, $1.95 becomes $1.30 and $0.30 becomes $0.20.

For the Fiscal Year Ended March 31, 2017, a Company