See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. In what

Question:

See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.

a. In what year was Mydeco’s net income the lowest?

b. In what year did Mydeco need to reduce its cash reserves?

c. Why did Mydeco need to reduce its cash reserves in a year when net income was reasonably high?

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