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Please help with this question! Please also complete table for 2016- 2019 not just 2016 as displayed on picture. TYIA. P 2-12 (similar to) Question
Please help with this question! Please also complete table for 2016- 2019 not just 2016 as displayed on picture. TYIA.
P 2-12 (similar to) Question Help See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco's costs and expenses had been the same fraction of revenues in 2016-2019 as they were in 2015. What would Mydeco's EPS have been each year in this case? Calculate the new EPS for 2016-2019 below: (Round dollar amounts and number of shares to one decimal place. Round percentage amount and the EPS to two decimal places.) Year 2016 $ % Revenue (millions) Net Profit Margin New Net Income (millions) Shares Outstanding (millions) $ New EPS $ 2019 600.9 (293.9) 307.0 (124.1) (77.5) (40.5) 64.9 (34.5) (41.0) 23.9 (8.4) 15.5 56.3 $0.28 2019 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 Revenue 407.8 368.4 425.7 513.8 Cost of Goods Sold (191.5) (175.0) (205.9) (248.2) Gross Profit 216.3 193.4 219.8 265.6 Sales and Marketing (66.7) (67.1) (81.1) (101.5) Administration (60.7) (57.9) (60.6) (67.2) Depreciation & Amortization (26.6) (27.2) (33.5) (37.6) EBIT 62.3 41.2 44.6 59.3 Interest Income (Expense) (32.0) (31.2) (36.0) Pretax Income 30.3 6.7 13.4 23.3 Income Tax (10.6) (2.3) (4.7) (8.2) Net Income 19.7 4.4 8.7 15.1 Shares Outstanding (millions) 56.3 56.3 56.3 56.3 Earnings per Share $0.35 $0.08 $0.15 $0.27 Balance Sheet 2015 2016 2017 2018 Assets Cash 48.5 73.4 92.3 85.3 Accounts Receivable 90.3 67.9 67.9 76.6 Inventory 32.6 31.8 27.9 31.4 Total Current Assets 171.4 173.1 188.1 193.3 Net Property, Plant & Equipment 248.7 247.6 309.1 347.7 Goodwill & Intangibles 364.9 364.9 364.9 364.9 Total Assets 785.0 785.6 862.1 905.9 Liabilities & Stockholders' Equity Accounts Payable 19.2 18.7 21.4 26.4 Accrued Compensation 7.2. 7.2 7.5 8.2 Total Current Liabilities 26.4 25.9 28.9 34.6 Long-Term Debt 498.5 498.5 573.8 598.5 Total Liabilities 524.9 524.4 602.7 633.1 Stockholders' Equity 260.1 261.2 259.4 272.8 Total Liabilities & Stockholders' 785.0 785.6 862.1 905.9 Equity Statement of Cash Flows 2015 2016 2017 2018 Net Income 19.7 4.4 8.7 15.1 Depreciation & Amortization 26.6 27.2 37.6 Change in Accounts Receivable 3.9 22.4 0.0 (8.7) Change in Inventory (2.9) 0.8 3.9 (3.5) Change in Pay. & Accrued Comp. 1.6 (0.5) 3.0 5.7 Cash from Operations 48.9 49.1 46.2 Capital Expenditures (25.4) (24.5) (100.6) (73.0) Cash from Investing Activ. (25.4) (24.5) (100.6) (73.0) Dividends Paid (4.9) (4.9) (4.9) (4.9) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 75.3 24.7 Cash from Financing Activ. (4.9) (4.9) 70.4 19.8 Change in Cash 18.6 24.9 18.9 (7.0) Mydeco Stock Price $7.11 $3.52 $5.97 $8.51 88.4 87.8 35.8 212.0 346.5 364.9 923.4 32.2 9.5 41.7 598.5 640.2 283.2 923.4 33.5 2019 15.5 40.5 (11.2) (4.4) 7.1 47.5 (38.1) (38.1) (6.3) 54.3 (6.3) 3.1 $10.02Step by Step Solution
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