Question

Ten years ago, Lucas Inc. earned $0.50 per share. It’s earnings this year were $3.60. What...

Ten years ago, Lucas Inc. earned $0.50 per share. It’s earnings this year were $3.60. What was the growth rate in the earnings per share (EPS) over the 10-year period ?
0 0
Add a comment Improve this question Transcribed image text
Answer #1

growth rate in the Earnings per share = (3.60/0.50)1/10 - 1

growth rate in the Earnings per share = 21.82%

Add a comment
Know the answer?
Add Answer to:
Ten years ago, Lucas Inc. earned $0.50 per share. It’s earnings this year were $3.60. What...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT