In Its First Year of Operations, 2002, the Gourmet Cheese

Multiple Choice

In its first year of operations, 2002, the Gourmet Cheese Shoppe had earnings per share (EPS) of $0.26.Four years l in 2006, EPS was up to $0.38, and 7 years after that, in 2013, 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 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%