Gourmet Cheese Shoppe Opened at the End of 2001

question 78

Multiple Choice

Gourmet Cheese Shoppe opened at the end of 2001.In its first full year of operations,2002,earnings per share (EPS) was $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:

Cytoplasm

The jelly-like substance inside cells that contains organelles and is enclosed by the cell membrane.

Protein Synthesis

The biological process by which cells build proteins based on the genetic instructions encoded in DNA.

Genetic Information

Data about an individual's genes and chromosomal setup, including traits inherited from parents.

Nucleus

An organelle found in eukaryotic cells responsible for containing most of the cell's genetic material.