What are the rates of growth for the earlier period

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Question: 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?

Reference no: EM133378567

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