Ten years ago, Levin Inc. earned $0.50 per share. Its earnings this year were $2.20. What was the growth rate in Levin's earnings per share (EPS) over the 10-year period?

Question

Quizplus · Accepted Answer

The growth rate in Levin's earnings per share (EPS) over the 10-year period can be calculated using the following formula:Growth rate = (Ending EPS - Beginning EPS) / Beginning EPS * 100%In this case, the beginning EPS is $0.50 and the ending EPS is $2.20. Therefore, the growth rate is:Growth rate = (2.20 - 0.50) / 0.50 * 100% = 15.97%Therefore, the correct answer is A) 15.97%.

Ten Years Ago, Levin Inc