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Data table begin{tabular}{lrrrrr} Statement of Cash Flows & 2015 & 2016 & 2017 & 2018 & 2019 hline Net Income & 23.1 & 2.8

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Data table \begin{tabular}{lrrrrr} Statement of Cash Flows & 2015 & 2016 & 2017 & 2018 & 2019 \\ \hline Net Income & 23.1 & 2.8 & 16.0 & 14.4 & 29.2 \\ Depreciation \& Amortization & 25.5 & 25.6 & 34.0 & 38.6 & 39.2 \\ Change in Accounts Receivable & 3.9 & 17.7 & 1.3 & (8.5) & (10.0) \\ Change in Inventory & (2.9) & 1.1 & 1.7 & (3.4) & (3.6) \\ Change in Pay. \& Accrued Comp. & 3.1 & 2.7 & 4.7 & 3.5 & 6.5 \\ \hline \multicolumn{1}{c}{ Cash from Operations } & 52.7 & 49.9 & 57.7 & 44.6 & 61.3 \\ Capital Expenditures & (26.1) & (24.9) & (96.3) & (77.0) & (38.5) \\ \hline \multicolumn{1}{c}{ Cash from Investing Activ. } & (26.1) & (24.9) & (96.3) & (77.0) & (38.5) \\ Dividends Paid & (5.3) & (5.3) & (5.3) & (5.3) & (5.5) \\ Sale (or Purchase) of Stock & - & - & - & - & - \\ Debt Issuance (Pay Down) & - & - & 73.3 & 23.4 & - \\ \hline \multicolumn{1}{c}{ Cash from Financing Activ. } & (5.3) & (5.3) & 68.0 & 18.1 & (5.5) \\ Change in Cash & 21.3 & 19.7 & 29.4 & (14.3) & 17.3 \end{tabular} \begin{tabular}{lrrrrr} Balance Sheet & 2015 & 2016 & 2017 & 2018 & 2019 \\ \hline Assets & & & & & \\ Cash & 46.9 & 66.6 & 96.0 & 81.7 & 99.0 \\ Accounts Receivable & 87.8 & 70.1 & 68.8 & 77.3 & 87.3 \\ Inventory & 32.3 & 31.2 & 29.5 & 32.9 & 36.5 \\ \hline \multicolumn{1}{c}{ Total Current Assets } & 167.0 & 167.9 & 194.3 & 191.9 & 222.8 \\ Net Property, Plant \& Equipment & 247.8 & 239.2 & 304.8 & 344.7 & 351.8 \\ Goodwill \& Intangibles & 361.7 & 361.7 & 361.7 & 361.7 & 361.7 \\ \hline Total Assets & 776.5 & 768.8 & 860.8 & 898.3 & 936.3 \\ Liabilities \& Stockholders' Equity & & & & & \\ Accounts Payable & 16.9 & 18.7 & 22.4 & 24.9 & 29.7 \\ Accrued Compensation & 5.9 & 6.8 & 7.8 & 8.8 & 10.5 \\ \hline Total Current Liabilities & 22.8 & 25.5 & 30.2 & 33.7 & 40.2 \\ Long-Term Debt & 504.2 & 504.2 & 577.5 & 600.9 & 600.9 \\ \hline \multicolumn{1}{c}{ Total Liabilities } & 527.0 & 529.7 & 607.7 & 634.6 & 641.1 \\ Stockholders' Equity & 249.5 & 239.1 & 253.1 & 263.7 & 295.2 \\ \hline Total Liabilities \& Stockholders' & 776.5 & 768.8 & 860.8 & 898.3 & 936.3 \\ Equity & & & & 2018 & 2019 \end{tabular} See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. By what percentage did Mydeco's revenues grow each year from 2016-2019? 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 2016-2019? The revenues growth for year 2016 is \%. (Round to two decimal places.) The revenues growth for year 2017 is \%. (Round to two decimal places.) The revenues growth for year 2018 is \%. (Round to two decimal places.) The revenues growth for year 2019 is \%. (Round to two decimal places.) b. By what percentage did net income grow each year? The net income growth for year 2016 is \%. (Round to two decimal places.) The net income growth for year 2017 is \%. (Round to two decimal places.) The net income growth for year 2018 is \%. (Round to two decimal places.) The net income growth for year 2019 is \%. (Round to two decimal places.) c. Why might the growth rates of revenues and net income differ? (Select from the drop-down menus.) 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 2016 by 10.44%, however, cost of goods sold by 5.96%

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