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ex 32 period? 32. See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. Compare accounts payable days in 2012

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period? 32. See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. Compare accounts payable days in 2012 and 2016. b. Did this change in accounts payable days improve or worsen Mydeco's cash position in 2016 22 CO T... 15.f...il dad lindas CM.doc Problems 87 49.4 TABLE 2.5 2012-2016 Financial Statement Data and Stock Price Data for Mydeco Corp Mydeco Corp. 2012-2016 (All data as of fiscal year end; in 5 million) Income Statement 2012 2013 2014 2015 2016 Revenue 401.9 361.6 429.6 513.6 602.6 Cost of Goods Sold (192.1) (175.4 (207.1) (248,5) (295.8) Gross Profit 209.8 1862 222.5 2653 3068 Sales and Marketing (65.0) (64.4) (843) (104.9) (121.1) Administration (61.8) (57.0 059.0) (66.9) (798) Depreciation & Amortization (27.5) (263) 32.5) 38.3) (40.1) EBIT 55.5 38.4 46.7 55.2 65.8 Interest Income (Expense) 62.4) 31.8) B2.0) 37.0 (40.9) Pretax Income 23.1 6.6 14.7 18.2 24.9 Income Tax (8.1) (23) (5.1) (6.4) (8.7) Net Income 15.0 4.3 9.6 11.8 16.2 Shares outstanding (ition 56.8 56.8 56.8 56.8 56.8 Earnings per ser $0.26 50.08 $0.17 $0.21 $0.29 Balance Sheet 2012 2013 2014 2015 2016 Art Cash 68.0 91.7 80.4 836 Accounts Receivable 87.6 70.6 69.3 77.4 84.2 Inventory 33.5 322 273 30.2 35.8 Total Current Assets 170.5 170.8 1883 188.0 203.6 Net Property. Plant & Equip 24.3 243.3 3061 349.6 347.9 Goodwill & Intangibles 3655 365.5 365.5 365.5 365.5 Total Assets 7803 779.6 859.9 903.1 917.0 Liabilities Stockholders' Equity Accounts Payable 18.8 18.8 224 27.1 30.3 Accrued Compensation 7.6 6.3 7.5 7.7 9.4 Total Current Liabilities 26.4 25.1 29.9 34.8 39.7 Long-term Debt 498.9 498.9 5722 597.5 597.5 Total Liabilities 5253 524 602.1 632.3 637.2 Stockholders' Equity 255.0 255.6 257.8 270.8 279.8 Total Liabilities 780.3 779.6 8599 903.1 917.0 & Stockholders' Equity Statement of Cash Flows 2012 2013 2014 2015 2016 Net Income 15.0 11.8 16.2 Depreciation & Amortization 27.5 26.3 32.5 38.3 40.1 Chg in Accounts Receivable 3.9 17.0 13 (8.1) Chg in Inventory (2.9) 1.3 49 (2.9) (546) Chg in Payables & Accrued Comp. 1.7 4.8 4.9 4.9 Cash from Operations 45.2 47.6 44.0 48.8 Capital Expenditures (266) (23.8) 197.5) (754) (40.0) Cash from Investing Activities (266) (23.8) 097.5) 0756) (40.0) Dividends Paid (5.2) 15.23 (5.2) (5.2) (5.6 Sale (or purchase) of stock Debt Issuance (Pay Down) 733 25.3 Cash from Financing Activities (5.2) (5.2) 68.1 20.1 (5.6) Change in Cash 13.4 18.6 23.7 (11.3) 3.2 Mydoce Stock Price $7.02 $3.55 $5.86 $8.33 $11.57 43 9.6 (6.89 53.1

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