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mel-nik [20]
3 years ago
14

Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per

share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%
Business
1 answer:
podryga [215]3 years ago
7 0

Answer:

Option C 16.36% is correct.

Explanation:

We can find the growth using the following growth formula:

g = (Earning per share today / Earning per share n years ago)^(1/5)  - 1

EPS of this year is $3.2 per share and 5 ago was $1.5 per share.

So by putting values we have:

g = (3.2 / 1.5) ^(1/5)  - 1  = 16.36%

The right option is C.

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Answer:

Following are the responses to the given question:

Explanation:

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