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Mathematics 16 Online
OpenStudy (anonymous):

In the December 9 2008 new yor times article "fed ex lowers 2009 earnings forecast" fedex said to earn an aver of $4.13 a share for the fiscal year ending in may down from original estimate of an average of $5.00 a share. Analyst were predicting that the company would earn $5.15 a share, according to thomson reuters. What percent reduction is the company's new estimate from the original estimate in earnings per share? What percent reduction in earnings per share is there between the original estimate and the anlysts predictions? round to the nearest tenth percent

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