In its first year of operations, 1980, the Gourmet Cheese Shoppe had earning per share of $0.26. Four years later, in 1984, EPS was up to $0.38, and 7 years after that, in 1991, EPS was up to $0.535
It appears that the first four years represented a supernormal growth situation and since then a more normal growth rate has been sustained. What are the rates of growth for the earlier period and for the later period? (Round to the nearest whole number)
A) 6%; 5%
B) 6%; 3%
C) 10%; 8%
D) 10%; 5%
E) 12%; 7%
D
Business
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