Income Statement 2015 2016 2017 2018 2019 Revenue 404.3 363.8 424.6 510.7 604.1 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) (293.4) Gross Profit 216.0 190.0 218.4 263.9 310.7 Sales and Marketing (66.7) (66.4) (82.8) (102.1) (120.8) Administration (60.6) (59.1) (59.4) (66.4) (78.5) Depreciation & Amortization (27.3) (27.0) (34.3) (38.4) (38.6) EBIT 61.4 37.5 41.9 57.0 72.8 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) (39.4) Pretax Income 27.7 4.6 9.7 19.6 33.4 Income Tax (9.7) (1.6) (3.4) (6.9) (11.7) Net Income 18.0 3.0 6.3 12.7 21.7 Shares outstanding (millions) 55 55 55 55 55 Earnings per share $0.33 $0.05 $0.11 $0.23 $0.39 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 48.8 68.9 86.3 77.5 85.0 Accounts Receivable 88.6 69.8 69.8 76.9 86.1 Inventory 33.7 30.9 28.4 31.7 35.3 Total Current Assets 171.1 169.6 184.5 186.1 206.4 Net Property, Plant & Equip. 245.3 243.3 309.0 345.6 347.0 Goodwill & Intangibles 361.7 361.7 361.7 361.7 361.7 Total Assets 778.1 774.6 855.2 893.4 915.1 Liabilities & Stockholders' Equity Accounts Payable 18.7 17.9 22.0 26.8 31.7 Accrued Compensation 6.7 6.4 7.0 8.1 9.7 Total Current Liabilities 25.4 24.3 29.0 34.9 41.4 Long-term Debt 500.0 500.0 575.0 600.0 600.0 Total Liabilities 525.4 524.3 604.0 634.9 641.4 Stockholders' Equity 252.7 250.3 251.2 258.5 273.7 Total Liabilities & Stockholders' Equity 778.1 774.6 855.2 893.4 915.1 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.0 3.0 6.3 12.7 21.7 Depreciation & Amortization 27.3 27.0 34.3 38.4 38.6 Chg. in Accounts Receivable 3.9 18.8 0.0 (7.1) (9.2) Chg. in Inventory (2.9) 2.8 2.5 (3.3) (3.6) Chg. in Pay. & Accrued Comp. 2.2 (1.1) 4.7 5.9 6.5 Cash from Operations 48.5 50.5 47.8 46.6 54.0 Capital Expenditures (25.0) (25.0) (100.0) (75.0) (40.0) Cash from Investing Activ. (25.0) (25.0) (100.0) (75.0) (40.0) Dividends Paid (5.4) (5.4) (5.4) (5.4) (6.5) Sale (or purchase) of stock - - - - - Debt Issuance (Pay Down) - - 75.0 25.0 - Cash from Financing Activ. (5.4) (5.4) 69.6 19.6 (6.5) Change in Cash 18.1 20.1 17.4 (8.8) 7.5 Mydeco Stock Price $7.92 $3.30 $5.25 $8.71 $10.89

a. What were Mydeco's retained earnings each year?

Calculate the retained earnings below: (Round to one decimal place.)

Year		2015
Net Income	$
Dividends Paid	$
Retained Earnings	$

Part 2

(Round to one decimal place.)

Year		2016
Net Income	$
Dividends Paid	$
Retained Earnings	$

Part 3

(Round to one decimal place.)

Year		2017
Net Income	$
Dividends Paid	$
Retained Earnings	$

Part 4

(Round to one decimal place.)

Year		2018
Net Income	$
Dividends Paid	$
Retained Earnings	$

Part 5

(Round to one decimal place.)

Year		2019
Net Income	$
Dividends Paid	$
Retained Earnings	$

Part 6

b. Using the data from

2015,

what was Mydeco's total stockholders' equity in

2014?

Stockholders' equity in

2014

was

$enter your response here

million.(Round to one decimal place.)