Francis Sena has shares in Griffin Enterprises. He wishes to calculate the growth rate of EPS and dividends.

a)Calculate the EPS growth rate. Give your answer as a percentage to 2 decimal places.

EPS growth rate = % pa

b)The growth rate of Griffin Enterprise dividends is:

less than the EPS growth rate greater than the EPS growth rate the same as the EPS growth rate undeterminable with the given information

- 4 of 6 ID: CF.FPAW.IFL.02A

A cashpercent-of-sales budget is often used as a precursor to the cashpercent-of-sales budget.