In Its First Year of Operations,2001,the Gourmet Cheese Shoppe Had

Multiple Choice

In its first year of operations,2001,the Gourmet Cheese Shoppe had earnings per share (EPS) of $0.26.Four years later,in 2005,EPS was up to $0.38,and 7 years after that,in 2012,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 the 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%