See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.Suppose Mydecos costs and
Question:
See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.Suppose Mydeco’s costs and expenses had been the same fraction of revenues in 2016–2019 as they were in 2015.What would Mydeco’s EPS have been each year in this case?
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Mydeco Corp. 2015-2019 Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant, & Equipment Goodwill & Intangibles Total Assets 2015 404.3 (188.3) 215.9 (66.7) (60.6) (27.3) 61.3 (33.7) 27.7 (9.7) 18.0 55.0 $0.33 2015 48.8 88.6 33.7 171.1 245.3 361.7 778.1 (All data as of fiscal year end; $ in millions) 2016 2017 424.6 (206.2) 218.3 363.8 (173.8) 190.0 (66.4) (59.1) (27.0) 37.4 (32.9) 4.5 (1.6) 2.9 55.0 $0.05 2016 68.8 69.8 30.9 169.4 243.2 361.7 774.3 (82.8) (59.4) (34.3) 41.8 (32.2) 9.6 (3.4) 6.2 55.0 $0.11 2017 86.2 69.8 28.4 184.4 308.9 361.7 855.0 2018 510.7 (246.8) 263.9 (102.1) (66.4) (38.4) 57.0 (37.4) 19.6 (6.9) 12.7 55.0 $0.23 2018 77.4 76.9 31.7 186.1 345.5 361.7 893.3 2019 604.1 (293.4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (11.7) 21.7 55.0 $0.39 2019 84.9 86.1 35.3 206.3 347.0 361.7 914.9
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Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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