$2019-2023$ Financial Statement Data and Stock Price Data for Mydeco Corp.

$($All data as of fiscal year end $ in millions$)$

Income Statement $20192020202120222023$

Revenue $407\mathrm{.}1367\mathrm{.}6422\mathrm{.}3508\mathrm{.}5605\mathrm{.}5$

Cost of Goods Sold $-187\mathrm{.}7-173\mathrm{.}1-209\mathrm{.}1-244\mathrm{.}1-292\mathrm{.}5$

Gross Profit $219\mathrm{.}4194\mathrm{.}5213\mathrm{.}2264\mathrm{.}4313\mathrm{.}0$

Sales and Marketing $-64\mathrm{.}8-68\mathrm{.}2-82\mathrm{.}6-100\mathrm{.}6-120\mathrm{.}9$

Administration $-60\mathrm{.}7-59\mathrm{.}2-57\mathrm{.}9-68\mathrm{.}1-78\mathrm{.}6$

Depreciation & Amortization $-25\mathrm{.}3-27\mathrm{.}8-35\mathrm{.}7-39\mathrm{.}3-38\mathrm{.}6$

EBIT $68\mathrm{.}639\mathrm{.}337\mathrm{.}056\mathrm{.}474\mathrm{.}9$

Interest Income $($Expense$)-32\mathrm{.}8-34\mathrm{.}2-33\mathrm{.}2-36\mathrm{.}4-39\mathrm{.}9$

Pretax Income $35\mathrm{.}85\mathrm{.}13\mathrm{.}820\mathrm{.}035\mathrm{.}0$

Income Tax $-12\mathrm{.}5-1\mathrm{.}8-1\mathrm{.}3-7\mathrm{.}0-12\mathrm{.}3$

Net Income $23\mathrm{.}33\mathrm{.}32\mathrm{.}513\mathrm{.}022\mathrm{.}7$

Shares Outstanding $($millions$)54\mathrm{.}854\mathrm{.}854\mathrm{.}854\mathrm{.}854\mathrm{.}8$

Earnings per Share $($$$)0\mathrm{.}430\mathrm{.}060\mathrm{.}050\mathrm{.}240\mathrm{.}41$

Balance Sheet $20192020202120222023$

Assets

Cash $49\mathrm{.}973\mathrm{.}288\mathrm{.}387\mathrm{.}594\mathrm{.}2$

Accounts Receivable $89\mathrm{.}471\mathrm{.}369\mathrm{.}876\mathrm{.}386\mathrm{.}9$

Inventory $34\mathrm{.}129\mathrm{.}229\mathrm{.}733\mathrm{.}735\mathrm{.}1$

Total Current Assets $173\mathrm{.}4173\mathrm{.}7187\mathrm{.}8197\mathrm{.}5216\mathrm{.}2$

Net Property, Plant & Equipment $241\mathrm{.}2247\mathrm{.}4306\mathrm{.}5344\mathrm{.}4343\mathrm{.}5$

Goodwill & Intangibles $364\mathrm{.}3364\mathrm{.}3364\mathrm{.}3364\mathrm{.}3364\mathrm{.}3$

Total Assets $778\mathrm{.}9785\mathrm{.}4858\mathrm{.}6906\mathrm{.}2924\mathrm{.}0$

Liabilities & Stockholders' Equity

Accounts Payable $17\mathrm{.}317\mathrm{.}220\mathrm{.}327\mathrm{.}633\mathrm{.}3$

Accrued Compensation $6\mathrm{.}55\mathrm{.}86\mathrm{.}78\mathrm{.}79\mathrm{.}4$

Current Liabilities $23\mathrm{.}823\mathrm{.}027\mathrm{.}036\mathrm{.}342\mathrm{.}7$

Long$-$term Debt $504\mathrm{.}8504\mathrm{.}8579\mathrm{.}1605\mathrm{.}0605\mathrm{.}0$

Total Liabilities $528\mathrm{.}6527\mathrm{.}8606\mathrm{.}1641\mathrm{.}3647\mathrm{.}7$

Stockholders' Equity $250\mathrm{.}3257\mathrm{.}6252\mathrm{.}5264\mathrm{.}9276\mathrm{.}3$

Total Liabilities & Stockholders' Equity $778\mathrm{.}9785\mathrm{.}4858\mathrm{.}6906\mathrm{.}2924\mathrm{.}0$

Statement of Cash Flows $20192020202120222023$

Net Income $23\mathrm{.}33\mathrm{.}32\mathrm{.}513\mathrm{.}022\mathrm{.}7$

Depreciation & Amortization $25\mathrm{.}327\mathrm{.}835\mathrm{.}739\mathrm{.}338\mathrm{.}6$

Change in Accounts Receivable $3\mathrm{.}918\mathrm{.}11\mathrm{.}5-6\mathrm{.}5-10\mathrm{.}6$

Change in Inventory $-2\mathrm{.}94\mathrm{.}9-0\mathrm{.}5-4\mathrm{.}0-1\mathrm{.}4$

Change in Payables & Accrued Comp. $3\mathrm{.}1-0\mathrm{.}84\mathrm{.}09\mathrm{.}36\mathrm{.}4$

Cash from Operations $52\mathrm{.}753\mathrm{.}343\mathrm{.}251\mathrm{.}155\mathrm{.}7$

Capital Expenditures $-23\mathrm{.}8-25\mathrm{.}4-97\mathrm{.}8-73\mathrm{.}2-41\mathrm{.}7$

Cash from Investing Activities $-23\mathrm{.}8-25\mathrm{.}4-97\mathrm{.}8-73\mathrm{.}2-41\mathrm{.}7$

Dividends Paid $-4\mathrm{.}6-4\mathrm{.}6-4\mathrm{.}6-4\mathrm{.}6-7\mathrm{.}3$

Sale $($or Purchase$)$ of Stock $00000$

Debt Issuance $($Pay Down$)0074\mathrm{.}325\mathrm{.}90$

Cash from Financing Activ. $-4\mathrm{.}6-4\mathrm{.}669\mathrm{.}721\mathrm{.}3-7\mathrm{.}3$

Change in Cash $24\mathrm{.}323\mathrm{.}315\mathrm{.}1-0\mathrm{.}86\mathrm{.}7$

Mydeco Stock Price $($$$)7\mathrm{.}634\mathrm{.}175\mathrm{.}518\mathrm{.}5211\mathrm{.}99$See Table $2\mathrm{.}5,,$ showing financial statement data and stock price data for Mydeco Corp.

a$.$ By what percentage did Mydeco's revenues grow each year from $2020$ to $2023?$

b$.$ By what percentage did net income grow each year?

c$.$ Why might the growth rates of revenues and net income differ?

a$.$ By what percentage did Mydeco's revenues grow each year from $2020$ to $2023?$

The revenues growth for year $2020$ is

$\%.($Round to two decimal places.$)$

The revenues growth for year $2021$ is

$\%.($Round to two decimal places.$)$

The revenues growth for year $2022$ is

$\%.($Round to two decimal places.$)$

The revenues growth for year $2023$ is

$\%.($Round to two decimal places.$)$

b$.$ By what percentage did net income grow each year?

The net income growth for year $2020$ is $\%.($Round to two decimal places.$)$

The net income growth for year $2021$ is $\%.($Round to two decimal places.$)$

The net income growth for year $2022$ is $\%.($Round to two decimal places.$)$

The net income growth for year $2023$ is $\%.($Round to two decimal places.$)$

c$.$ Why might the growth rates of revenues and net income differ?

Net income growth rate differs from revenue growth rate because cost of goods sold and other expenses can move at different rates than revenues.

For example, revenues

in $2020$ by $9\mathrm{.}70\%,$ however, cost of goods sold

by $7\mathrm{.}78\%.($Select from the drop$-$down menus.$)$