Income Statement 2012 2013 2014 2015 2016 Revenue 406.2 366.1 423.1 511.2 602.3 Cost of Goods Sold (187.2) (172.9) (210.0) (251.5) (294.7) Gross Profit 219.0 193.2 213.1 259.7 307.6 Sales and Marketing (65.2) (65.3) (84.3) (96.7) (121.3) Administration (62.5) (59.2) (60.5) (68.3) (78.3) Depreciation & Amortization (26.0) (25.5) (33.9) (39.6) (37.4) EBIT 65.3 43.2 34.4 55.1 70.6 Interest Income (Expense) (35.6) (33.0) (30.6) (35.6) (39.8) Pretax Income 29.7 10.2 3.8 19.5 30.8 Income Tax (10.4) (3.6) (1.3) (6.8) (10.8) Net Income 19.3 6.6 2.5 12.7 20.0 Shares Outstanding (millions) 54.8 54.8 54.8 54.8 54.8 Earnings per Share $0.35 $0.12 $0.05 $0.23 $0.36 Balance Sheet 2012 2013 2014 2015 2016 Assets Cash 47.5 72.9 83.7 81.2 80.3 Accounts Receivable 89.5 69.5 69.8 75.1 86.5 Inventory 34.4 29.8 30.2 29.9 34.4 Total Current Assets 171.4 172.2 183.7 186.2 201.2 Net Property, Plant & Equip. 242.6 248.1 307.2 343.5 350.1 Goodwill & Intangibles 362.8 362.8 362.8 362.8 362.8 Total Assets 776.8 783.1 853.7 892.5 914.1 Liabilities & Stockholders' Equity Accounts Payable 18.5 19.6 20.5 27.6 29.9 Accrued Compensation 7.1 6.3 6.8 7.7 9.8 Total Current Liabilities 25.6 25.9 27.3 35.3 39.7 Long-term Debt 501.1 501.1 577.2 601.1 601.1 Total Liabilities 526.7 527.0 604.5 636.4 640.8 Stockholders' Equity 250.1 256.1 249.2 256.1 273.3 Total Liabilities & Stockholders' Equity 776.8 783.1 853.7 892.5 914.1 Statement of Cash Flows 2012 2013 2014 2015 2016 Net Income 19.3 6.6 2.5 12.7 20.0 Depreciation & Amortization 26.0 25.5 33.9 39.6 37.4 Chg. in Accounts Receivable 3.9 20.0 -0.3 (5.3) (11.4) Chg. in Inventory (2.9) 4.6 (0.4) 0.3 (4.5) Chg. in Pay. & Accrued Comp. 1.6 0.3 1.4 8.0 4.4 Cash from Operations 47.9 57.0 37.1 55.3 45.9 Capital Expenditures (24.8) (26.4) (97.2) (76.5) (40.2) Cash from Investing Activ. (24.8) (26.4) (97.2) (76.5) (40.2) Dividends Paid (5.2) (5.2) (5.2) (5.2) (6.6) Sale (or purchase) of stock - - - - - Debt Issuance (Pay Down) - - 76.1 23.9 - Cash from Financing Activ. (5.2) (5.2) 70.9 18.7 (6.6) Change in Cash 17.9 25.4 10.8 (2.5) (0.9) Mydeco Stock Price $7.11 $4.21 $5.11 $9.38 $12.01

a. By what percentage did Mydeco's revenues grow each year from 2013 to 2016?

b. By what percentage did net income grow each year?

c. Why might the growth rates of revenues and net income differ?