13.
2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 2019 Revenue 396.8 361.5 424.4 513.8 603.4 Cost of Goods Sold (184.4) (172.9) (208.3) (248.3) (290.6) Gross Profit 212.4 188.6 216.1 265.5 312.8 Sales and Marketing (68.4) (68.1) (84.3) (100.6) (117.3) Administration (60.6) (57.4) (61.0) (66.0) (79.4) Depreciation & (28.1) (28.6) (32.8) (39.3) (38.3) Amortization EBIT 55.3 34.5 38.0 59.6 77.8 Interest Income (Expense) (32.1) (32.1) (30.8) (39.3) (39.5) Pretax Income 23.2 2.4 7.2 20.3 38.3 Income Tax (8.1) (0.8) (2.5) (7.1) (13.4) Net Income 15.1 1.6 4.7 13.2 24.9 Shares Outstanding 56.9 56.9 56.9 56.9 56.9 (millions) Earnings per Share $0.27 $0.03 $0.08 $0.23 $0.44 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 49.7 70.0 83.8 81.7 89.6 Accounts Receivable 87.2 69.3 70.4 76.9 86.7 Inventory 32.2 32.6 28.1 30.6 36.2 Total Current Assets 169.1 171.9 182.3 189.2 212.5 Net Property, Plant & 241.4 240.8 312.1 350.4 347.8 Equipment Goodwill & Intangibles 364.1 364.1 364.1 364.1 364.1 Total Assets 774.6 776.8 858.5 903.7 924.4 Liabilities & Stockholders' Equity Accounts Payable 17.3 19.5 20.7 27.8 Accrued Compensation 7.1 6.5 7.5 10.4 Total Current Liabilities 24.4 26.0 28.2 35.3 41.6 Long-Term Debt 503.5 503.5 577.3 604.0 604.0 Total Liabilities 527.9 529.5 605.5 639.3 645.6 Stockholders' Equity 246.7 247.3 253.0 264.4 278.8 Total Liabilities & 774.6 776.8 858.5 903.7 924.4 Stockholders' Equity Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 15.1 1.6 4.7 13.2 24.9 Depreciation & 28.1 28.6 32.8 39.3 38.3 Amortization Change in Accounts 3.9 17.9 (6.5) (9.8) Receivable Change in Inventory (2.9) (0.4) 4.5 (2.5) Change in Pay. & Accrued 2.1 1.6 2.2 7.1 6.3 Comp. Cash from Operations 46.3 49.3 43.1 50.6 54.1 Capital Expenditures (26.9) (23.0) (97.1) (73.4) (39.3) Cash from Investing (26.9) (23.0) (97.1) (73.4) (39.3) Activ. Dividends Paid (6.0) (6.0) (6.0) (6.0) (6.9) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 73.8 26.7 31.2 7.5 - 1.1 (5.6) (6.0) (6.0) 67.8 20.7 (6.9) Cash from Financing Activ. Change in Cash Mydeco Stock Price 13.4 $8.07 20.3 $3.59 13.8 $4.36 (2.1) $8.54 7.9 $10.87 See Table 2.5 E showing financial statement data and stock price data for Mydeco Corp. a. What were Mydeco's retained earnings each year? b. Using the data from 2015, what was Mydeco's total stockholders' equity in 2014? a. What were Mydeco's retained earnings each year? Calculate the retained earnings below: (Round to one decimal place.) Year 2015 Net Income $ Dividends Paid Retained Earnings $
