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 Revenue 404.3 363.8 424.6 510.7 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) Gross Profit 216.0 190.0 218.4 263.9 Sales and Marketing (66.7) (66.4) (82.8) (102.1) Administration (60.6) (59.1) (59.4) (66.4) Depreciation & Amortization (273) (27.0) (34.3) (38.4) EBIT 61.4 37.5 41.9 57.0 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) Pretax Income 27.7 4.6 9.7 19.6 Income Tax (9. (1.6) (3.4) (6.9) Net Income 18.0 3.0 6.3 12.7 Shares Outstanding (millions) 55 55 55 55 Earnings per Share $0.33 $0.05 $0.11 $0.23 Balance Sheet 2015 2016 2017 2018 Assets Cash 48.8 68.9 86.3 77.5 Accounts Receivable 88.6 69.8 69.8 76.9 Inventory 33.7 30.9 28.4 31.7 Total Current Assets 171.1 169.6 184.5 186.1 2019 604.1 (293,4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (11.7) 21.7 55 $0.39 2019 85.0 86.1 35.3 206.4 TTVOny 30.0 JU. 171.1 245.3 361.7 778.1 30. 169.6 243.3 361.7 774.6 20. 184.5 309.0 361.7 855.2 186.1 345,6 361.7 893.4 206.4 347.0 361.7 915.1 Total Current Assets Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid 18.7 6.7 25.4 500.0 525.4 252.7 778,1 2015 18.0 27.3 3.9 (2.9) 2.2 48.5 (25.0) (25.0) (5.4) 17.9 6.4 24.3 500.0 524.3 250.3 774,6 2016 3.0 270 18.8 2.8 (1.1) 50.5 (25.0) (25.0) (5.4) 22.0 7.0 29.0 575.0 604.0 2512 8552 2017 6.3 34.3 0.0 2.5 4.7 47.8 (1000) (100.0) (5.4) 26.8 8.1 34.9 600.0 634.9 258.5 893.4 2018 12.7 38.4 (7.1) (3.3) 5.9 46.6 (750) (75.0) (5.4) 31.7 9.7 41.4 600.0 641.4 273.7 915.1 2019 21.7 38.6 (9.2) (3.6) 6.5 54.0 (40.0) (40.0) (6.5) 2018 Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ Change in Cash Mydeco Stock Price 2015 18.0 27.3 3.9 (2.9) 2 48.5 (25.0) (25.0) (5.4) 2016 3.0 27.0 18.8 2.8 (1.1) 50.5 (25.0) (25.0) (5.4) 2017 6.3 34.3 0.0 2.5 4.7 47.8 (100.0) (100.0) (5.4) 12.7 38.4 (7.1) (3.3) 5.9 46.6 (75.0) (75.0) (5.4) 2019 21.7 38.6 (9.2) (3.6) 6.5 54.0 (40.0) (40.0) (6.5) (5.4) 18.1 $7.92 (5.4) 20.1 $3.30 75.0 69.6 17.4 $5.25 25.0 19.6 (8.8) $8.71 (6.5) 7.5 $10.89 See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. Compare accounts payable days in 2015 and 2019. b. Did this change in accounts payable days improve or worsen Mydeco's cash position in 20197 (Note: Use a 365-day year.) a. Compare accounts payable days in 2015 and 2019. The accounts payable days for 2015 is 79.4 days. (Round to one decimal place.)