14.
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 404.2 367.3 420.6 508.1 599.8 Cost of Goods Sold (188.1) (175.2) (202.4) (247.6) (293.2) Gross Profit 216.1 192.1 218.2 260.5 306.6 Sales and Marketing (66.4) (67.0) (82.3) (105.6) (116.2) Administration (59.7) (58.5) (58.4) (66.3) (79.7) Depreciation & (29.2) (27.3) (33.9) (38.7) (40.6) Amortization EBIT 60.8 39.3 43.6 49.9 70.1 Interest Income (Expense) (32.0) (31.1) (31.7) (36.0) (39.6) Pretax Income 28.8 8.2 11.9 13.9 30.5 Income Tax (10.1) (2.9) (4.2) (4.9) (10.7) Net Income 18.7 5.3 7.7 9.0 19.8 Shares Outstanding 56.4 56.4 56.4 56.4 56.4 (millions) Earnings per Share $0.33 $0.09 $0.14 $0.16 $0.35 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 47.1 64.5 92.8 78.7 81.8 Accounts Receivable 87.6 70.9 69.1 75.9 84.3 Inventory 32.3 30.9 27.4 29.9 35.5 Total Current Assets 167.0 166.3 189.3 184.5 201.6 Net Property, Plant & 240.8 247.3 309.8 346.6 343.5 Equipment Goodwill & Intangibles 366.5 366.5 366.5 366.5 366.5 Total Assets 774.3 780.1 865.6 897.6 911.6 Liabilities & Stockholders' Equity Accounts Payable 20.7 18.1 23.2 27.3 29.7 Accrued Compensation 6.9 5.6 6.4 7.4 Total Current Liabilities 27.6 23.7 29.6 34.7 38.8 Long-Term Debt 504.3 504.3 580.7 604.8 604.8 Total Liabilities 531.9 528.0 610.3 639.5 643.6 Stockholders' Equity 242.4 252.1 255.3 258.1 268.0 Total Liabilities & 774.3 780.1 865.6 897.6 911.6 Stockholders' Equity Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.7 5.3 7.7 9.0 19.8 Depreciation & 29.2 27.3 33.9 38.7 40.6 Amortization Change in Accounts 3.9 1.8 (6.8) (8.4) Receivable Change in Inventory (2.9) 1.4 3.5 (2.5) (5.6) Change in Pay. & Accrued 1.3 5.9 5.1 4.1 Comp. Cash from Operations 50.2 46.8 52.8 43.5 50.5 Capital Expenditures (26.3) (24.2) (95.7) (76.5) (40.3) Cash from Investing (26.3) (24.2) (95.7) (76.5) (40.3) Activ. Dividends Paid (5.2) (5.2) (5.2) (5.2) (7.1) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 76.4 24.1 9.1 16.7 (3.9) (5.2) (5.2) 71.2 18.9 (7.1) Cash from Financing Activ. Change in Cash Mydeco Stock Price 18.7 $8.04 17.4 $2.75 28.3 $5.52 (14.1) $9.52 3.1 $11.03 See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. What were Mydeco's gross margins each year? b. Compare Mydeco's gross margin, EBIT margin, and net profit margin in 2015 and 2019. Which margins improved? a. What were Mydeco's gross margins each year? The gross margin for 2015 is %. (Round to two decimal places.)
