Question 1
Last year Toto Corporation’s sales were $650million. If sales grow at4.5% per year, how large (in millions) will they be7years later?
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$891.74 million
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$856.05 million
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$884.56million
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$916.16 million
Question 2
Last year, Mason Corp.’s earnings per share was $3.50, and its growth rate during the prior 5 years was11% per year. If that growth rate were maintained, how many years would it take for Mason’s EPS totriple?
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9.86
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9.92
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10.24
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10.53