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Walgreen Company reported the following earnings per share from 1989 to 1994. Year EPS 1989 $1.28 1990 $1.42 1991 $1.58 1992 $1.78 1993 $1.98 1994

Walgreen Company reported the following earnings per share from 1989 to 1994.

Year

EPS

1989

$1.28

1990

$1.42

1991

$1.58

1992

$1.78

1993

$1.98

1994

$2.30

a. Estimate the arithmetic average and geometric average growth rate in earnings per share between 1989 and 1994.

Please show all the steps to answer this questions and also show how to calculate the change in EPS

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