In Its First Year of Operations, 2002, the Gourmet Cheese

question 9

Multiple Choice

In its first year of operations, 2002, the Gourmet Cheese Shoppe had earnings per share (EPS) of $0.26.Four years l in 2006, EPS was up to $0.38, and 7 years after that, in 2013, EPS was up to $0.535.It appears that the first 4 years represented a supernormal growth situation and since then a more normal growth rate has been sustained.What are rates of growth for the earlier period and for the later period?

• A)6%; 5%
• B)6%; 3%
• C)10%; 8%
• D)10%; 5%
• E)12%; 7%

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