Ten years ago, Lucas Inc. earned $0.50 per share. Its earnings this year were $3.60. What was the growth rate in earnings per share (EPS) over the 10-year period? a. 23.57% b. 21.82% c. 26.19% d. 16.80% e. 18.77%

21.82 %

Explanation:

Earnings per share is the monetary value of earnings per outstanding share of common stock for a company

Growth multiple = EPS in current year / EPS of 10th year before

Growth multiple  = $3.60/ $0.50

Growth multiple = 7.20

Next, raise the 1/10th power of the growth rate as it is required to compute the growth rate in 10 years

(7.20)1/10 = 1.2182

Now, 1 is to be subtracted from the figure obtained that is 1.2182

1.21 – 1 = 0.2182

In the final step, multiply 0.2182 by 100 to obtain the answer in percentage which is as follows:

0.2182 * 100 = 21.82 %

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

happy to

pls mark as brainliest

answer; is the sum of all individual demands curves;