In Its First Year of Operations,1980,the Gourmet Cheese Shoppe Had

question 21

Multiple Choice

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%

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