9 years ago, Miller Sons Inc. earned $1.08 per share. Its earnings this year were $2.99. What was
the growth rate in earnings per share (EPS) over the 9-year period? State your answer as a
percentage to two decimal places.
Solution
Ans) Today EPS = $2.99 9 Years Ago Miller Sons Inc EPS = $1.08 Different =
$1.91 Growth Rate of EPS compare to 9 years period Return as below Today EPS-
Dividend on 9th year/Dividend on 9th Year 2.99-1.08/1.08 Growth Rate in EPS
176.85%.
9 years ago, Miller Sons Inc. earned $1.08 per share. Its earnings t.pdf
1. 9 years ago, Miller Sons Inc. earned $1.08 per share. Its earnings this year were $2.99. What was
the growth rate in earnings per share (EPS) over the 9-year period? State your answer as a
percentage to two decimal places.
Solution
Ans) Today EPS = $2.99 9 Years Ago Miller Sons Inc EPS = $1.08 Different =
$1.91 Growth Rate of EPS compare to 9 years period Return as below Today EPS-
Dividend on 9th year/Dividend on 9th Year 2.99-1.08/1.08 Growth Rate in EPS
176.85%
