16.36% was the growth rate in earnings per share (eps) over the 5-year period of Annie Oakley Inc. which earned $1.50 per share five years ago and have its earnings this year with $3.20.
Let's enumerate what we have here!
Current EPS = $3.20
EPS 5 years ago = $1.50
n (or number of time periods) = 5 years ago
We can calculate the growth rate using the following formula:
(Current Earning Per Share / Earning Per Share n years ago)^(1/n) - 1 = Growth Rate
($3.20 / $1.50) ^ (1/5) - 1 = 16.36%
Growth rates are the percentage changes in a given variable over a given period of time and typically, they are calculated as the compounded annualized rate of growth of a business' earnings, revenues, dividends, or macro concepts like GDP or gross domestic product and retail sales for investors.
Learn how to get price per share using earnings per share here: https://brainly.com/question/20354889
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