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?

Question

Quizplus · Accepted Answer

The growth rate in earnings per share (EPS) over the 5-year period can be calculated using the formula:Growth rate = (New EPS - Old EPS) / Old EPS * 100In this case, the old EPS is $1.50 and the new EPS is $3.20. Plugging these values into the formula, we get:Growth rate = (3.20 - 1.50) / 1.50 * 100 = 16.67%Therefore, the growth rate in EPS over the 5-year period is 16.67%, which is closest to choice A) 16.36%.

Five Years Ago,Weed Go Inc