In its first year of operations, 1980, the Gourmet Cheese Shoppe ...

[809779]

Question 1

In 1958 the average tuition for one year at an Ivy League school was $1,800. Thirty years later, in 1988, the average cost was $13,700. What was the growth rate in tuition over the 30-year period?
◦ 12%
◦ 9%
◦ 6%
◦ 7%
◦ 8%

Question 2

In its first year of operations, 1980, the Gourmet Cheese Shoppe had earning per share of $0.26. Four years later, in 1984, EPS was up to $0.38, and 7 years after that, in 1991, EPS was up to $0.535. It appears that the first four 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? (Round to the nearest whole number)
◦ 6%; 5%
◦ 6%; 3%
◦ 10%; 8%
◦ 10%; 5%
◦ 12%; 7%

[mochi09]

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[809779]

YES! Correct, THANKS for helping me on my review

[abro1885]

Thanks for the timely response, appreciate it