Five years ago,Weed Go Inc.earned $2.30 per share.Its earnings this year were $3.20.What was the growth rate in earnings per share (EPS)over the 5-year period?

Question

Quizplus · Accepted Answer

The growth rate in EPS can be calculated using the formula:Growth rate = (New EPS - Old EPS) / Old EPS * 100%In this case, the old EPS is $2.30 and the new EPS is $3.20. Therefore, the growth rate is:Growth rate = (3.20 - 2.30) / 2.30 * 100% = 6.83%Therefore, the correct answer is A) 6.83%.

Five Years Ago,Weed Go Inc