In Its First Year of Operations,2001,the Gourmet Cheese Shoppe Had

question 54

Multiple Choice

In its first year of operations,2001,the Gourmet Cheese Shoppe had earnings per share (EPS) of $0.26.Four years later,in 2005,EPS was up to $0.38,and 7 years after that,in 2012,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 the 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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Definitions:

Economic Status

A measure of an individual's or a group's financial health and stability, often based on income, wealth, and occupation.

Superiority Or Inferiority

Concepts referring to the feelings or states of being higher or lower in status, quality, or ability compared to others.

Divine Creator

A supreme being or entity believed to be responsible for the creation of the universe and life within it.

Atheist

A person who does not believe in the existence of any deities or gods.