Consider the financial statement data and stock price data for Mydeco Corp. Click the icon to view the financial statement and stock price data. a. By what percentage did Mydeco's revenues grow each year from 2015 to 2018? 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 2015 to 2018? The revenues growth for year 2015 is %. (Round to two decimal places.) 2014-2018 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2014 Income Statement 2015 2016 2017 405.6 Revenue 359.9 427.8 506.5 Cost of Goods Sold (191.2) (172.9) (205.4) (243.3) 214.4 Gross Profit 187.0 222.4 263.2 Sales and Marketing (68.0) (66.7) (81.0) (100.4) Administration (61.9) (58.5) (57.8) (65.3) Depreciation & Amortization (26.9) (27.4) (35.2) (36.5) EBIT 57.6 34.4 48.4 61.0 Interest Income (Expense) (32.2) (31.5) (33.3) (39.0) Pretax Income 25.4 2.9 15.1 22.0 Income Tax (8.9) (1.0) (5.3) (7.7) Net Income 16.5 1.9 9.8 14.3 Shares Outstanding (millions) 53 53 53 53 Earnings per Share $0.31 $0.04 $0.18 $0.27 Balance Sheet 2014 2015 2016 2017 Assets Cash 47.9 69.5 95.9 79.3 Accounts Receivable 89.5 68.5 68.2 78.3 34.4 171.8 245.8 360.6 778.2 30.1 168.1 238.5 360.6 7672 27.5 191.6 305.7 360.6 857.9 32.4 190.0 343.4 360.6 894.0 Inventory 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 18.8 6.5 25.3 498.3 523.6 254.6 778.2 16.9 6.5 23.4 498.3 521.7 245.5 767.2 21.7 7.7 29.4 574.2 603.6 254.3 857.9 25.5 8.1 33.6 597.4 631.0 263.0 894.0 2016 2014 16.5 26.9 3.9 (2.9) 2.2 46 A 2015 1.9 27.4 21.0 4.3 (1.9) 527 9.8 35.2 0.3 2.6 2017 14.3 36.5 (10.1) (4.9) 4.2 400 6.0 539 IC 46.6 (26.1) (26.1) (5.6) 52.7 (25.5) (25.5) (5.6) 53.9 (97.8) (97.8) (5.6) 40.0 (74.2) (74.2) (5.6) 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 (5.6) 14.9 $8.42 (5.6) 21.6 $2.85 75.9 70.3 26.4 $5.46 23.2 17.6 (16.6) $8.97 2014-2018 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2014 2015 2016 2017 Revenue 405.6 359.9 427.8 506.5 Cost of Goods Sold (1912) (172.9) (205.4) (243.3) Gross Profit 214.4 187.0 222.4 263.2 Sales and Marketing (68.0) (66.7) (81.0) (100.4) Administration (61.9) (58.5) (57.8) (65.3) Depreciation & Amortization (26.9) (27.4) (35.2) (36.5) EBIT 57.6 34.4 48.4 61.0 Interest Income (Expense) (32.2) (31.5) (33.3) (39.0) Pretax Income 25.4 2.9 15.1 22.0 Income Tax (8.9) (1.0) (5.3) (7.7) Net Income 16.5 1.9 9.8 14.3 Shares Outstanding (millions) 53 53 53 53 Earnings per Share $0.31 $0.04 $0.18 $0.27 Balance Sheet 2014 2015 2016 2017 Assets Cash 47.9 69.5 95.9 79.3 2018 600.8 (288.6) 312.2 (119.1) (78.1) (39.2) 75.8 (39.7) 36.1 (12.6) 23.5 53 $0.44 2018 92.0 dert Click what what) y mig 89.5 34.4 171.8 245.8 360.6 778.2 68.5 30.1 168.1 238,5 360.6 7672 68.2 27.5 191.6 305.7 360.6 857.9 78.3 32.4 190.0 343.4 360.6 894.0 86.9 36.8 215.7 346.4 360.6 922.7 what) revend 18.8 31.8 6.5 Accounts Receivable Inventory 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 25.3 498.3 523.6 254.6 778.2 16.9 6.5 23.4 498.3 521.7 245.5 767.2 21.7 7.7 29.4 574.2 603.6 254.3 857.9 25.5 8.1 33.6 597.4 631.0 263.0 894.0 10.3 42.1 597.4 639.5 2832 922.7 2015 2016 2014 16.5 26.9 3.9 1.9 27.4 21.0 9.8 35.2 0.3 2017 14.3 36.5 (10.1) 2018 23.5 39.2 (8.6) AL AR 523.6 254.6 778.2 521.7 245.5 767.2 603.6 254.3 857.9 631.0 263.0 894.0 639.5 283.2 9227 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 2014 16.5 26.9 3.9 (2.9) 2.2 46.6 (26.1) (26.1) 2015 1.9 27.4 21.0 4.3 (1.9) 52.7 (25.5) (25.5) (5.6) 2016 9.8 35.2 0.3 2.6 6.0 53.9 (97.8) (97.8) (5.6) 2017 14.3 36.5 (10.1) (4.9) 4.2 40.0 (74.2) (74.2) (5.6) 2018 23.5 39.2 (8.6) (4.4) 8.5 58.2 (39.5) (39.5) (6.0) (5.6) 75.9 70.3 (5.6) 14.9 $8.42 (5.6) 21.6 $2.85 23.2 17.6 (16.6) $8.97 26.4 (6.0) 12.7 $9.37 $5.46
