7 of 20 (14 com P 2-9 (similar to) See Table 2.5 E showing financial statement data and stock price data for Mydeco Corp. a. By what percentage did Mydeco's revenues grow each year from 2016 to 2019? 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 2016 to 2019? The revenues growth for year 2016 is 16.33%. (Round to two decimal places.) ork: Chapter 2 - HW s 7 of 20 (14 complete) HW Score: 68.33%, ar to) Questi Data Table showing financial Rage did Mydeco's tage did not income growth rates of rever tage did Mydeco's wth for year 2016 is (34.3) 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 406.4 361.7 426.4 513.3 Cost of Goods Sold (1912) (173.8) (2015) (246.5) Gross Profit 215.2 187.9 224.9 266.8 Sales and Marketing (66.7) (67.1) (84.5) (105.8) Administration (60.5) (57.5) (60.7) (66.8) Depreciation & Amortization (29.0) (27.6) (39.8) EBIT 59.0 35.7 45.4 54.4 Interest Income (Expense) (32.9) (332) (322) (366) Pretax Income 26.1 2.5 13.2 17.8 Income Tax (9.1) (0.9) (4.6) (6.2) Net Income 17.0 1.6 8.6 11.6 Shares Outstanding (millions) 55.5 55.5 55.5 55.5 Earnings por Share $0.31 $0.03 $0.15 $0.21 Balance Sheet 2015 2016 2017 2018 Assets Cash 48.9 642 87.5 81.3 Accounts Receivable 87.4 71.8 69.7 78.4 Inventory 32.6 31.9 28.9 30.4 Total Current Assets 168.9 1679 186.1 190.1 Net Property, Plant & Equipment 243.1 238,9 3125 340.9 2019 605.3 (295.0) 310.3 (1220) (76.8) (374) 74.1 (39.1) 35.0 (12.3) 22.7 55.5 $0.41 2019 89.9 86.3 35.2 211.4 348.1 ar in the answer box Print Done Check Answe MacBook ework: Chapter 2 - HW Of 2 pts 7 of 20 (14 complete) HW Score: similar to) Data Table 2.5 showing financial percentage did Mydeco's percentage did net income ght the growth rates of reved percentage did Mydeco's Toy 243.1 362.4 774.4 TOTY 238.9 362.4 769.2 180.1 3125 362.4 861.0 790.7 340.9 3624 893.4 211.4 348.1 362.4 921.9 ues growth for year 2016 is 26.6 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 Sale (or Purchase) of Stock 18.9 72 26.1 503.8 529.9 244,5 774.4 19.1 7.1 26.2 503.8 530.0 239.2 769.2 21.3 7.5 28.8 578.4 6072 253.8 861.0 7.7 34.3 604.0 638.3 255.1 893.4 30.9 10.3 41.2 604.0 645.2 276.7 921.9 2015 17.0 29.0 3.9 (2.9) 22 49.2 (25.9) (25.9) (4.6) 2016 1.6 27.6 15,6 0.7 0.1 45.6 (25.7) (25.7) (4.6) 2017 8.6 34.3 2.1 3.0 2.6 50.6 (973) (973) (4.6) 2018 11.6 39.8 (8.7) (1.5) 5.5 46.7 73.9) (73.9) (4.6) 2019 22.7 37.4 (7.9) (4.8) 6.9 54.3 (39.8) (39.8) (5.9) er answer in the answer box Print Done Done ning Cho MacBook - showing financial ege did Mydeco's age did net income owth rates of rever 21.3 ge did Mydeco's h for year 2016 is 18.9 7.2 26.1 503.8 529.9 244,5 774.4 19.1 7.1 25.2 503.8 530.0 239.2 769.2 75 28.8 578.4 6072 253.8 861.0 26.6 7.7 34.3 604.0 838.3 255.1 893.4 30.9 10.3 412 6040 5452 276.7 921.9 2017 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 Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ Change in Cash Mydeco Stock Price 8.6 34.3 2.1 3.0 2015 17.0 29.0 3.9 (2.9) 2.2 49.2 (25.9) (25.9) (4.6) 2016 1.6 27.6 15.6 0.7 0.1 45.6 (25.7) (25.7) (4.6) 2018 11.6 39.8 (8.7) (1.5) 5.5 46.7 (73.9) (73.9) (4.6) 2019 22.7 37.4 (7.9) (4.8) 6.9 54.3 (39.8) (39.8) (5.9) 2.6 50.6 (97,3) (97.3) (4.6) (4.6) 18.7 $8.09 (4.6) 15.3 $3.05 74.6 70.0 23.3 $4.58 25.6 21.0 (6.2) $9.16 (5.9) 8.6 $11.56 the answer box Print Done MacBook