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Please solve this problem showing the calculations steps. Thank you 6. See Table 2.5 showing financial statement data and stock price data for Mydeco
Please solve this problem showing the calculations steps. Thank you
6. 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 2013 to 20167 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 2013 to 2016? The revenues growth for year 2013 is %. (Round ta two decimal places.) The revenues growth for year 2014 is %. (Round to two decimal places.) The revenues growth for year 2015 is %. (Round to two decimal places.) The revenues growth for year 2016 is %. (Round to two decimal places.) b. By what percentage did net income grow each year? The net income growth for year 2013 is %. (Round to two decimal places.) The net income growth for year 2014 is %. (Round to two decimal places.) The net income growth for year 2015 is %. (Round to two decimal places.) The net income growth for year 2016 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 (1) in 2013 by 10.58%, however, cost of goods sold (2) by 6,61% 1: Data Table 2012--2016 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2012 2013 2014 2015 Revenue 406.6 363.6 425.8 511.6 Cost of Goods Sold (189.2) (176.7) (208.1) (244.2) Gross Profit 217.4 186.9 217.7 267.4 Sales and Marketing (67.5) (67.3) (84.1) (101.5) Administration (61.8) (57.1) (58.8) (67.1) Depreciation & Amortization (27.5) (25.4) (35.3) (38.6) EBIT 60.6 37.1 39.5 60.2 Interest Income (Expense) (35.2) (33.0) (31.0) (38.0) Pretax Income 25.4 4.1 8.5 22.2 Income Tax (8.9) (3.0) (7.8) 16.5 Net Income 2.7 5.5 14.4 55.8 Shares Outstanding (millions) 55.8 55.8 55.8 $0.30 S0.05 $0.10 Earnings per Share $0.26 2012 Balance Sheet 2013 2014 2015 2016 606.2 (298.0) 308.2 (123.4) (78.2) (37.1) 69.5 (39.9) 29.6 (10.4) 19.2 55.8 $0.34 2016 66.5 48.5 88.2 35.5 172.2 247.9 359.8 779.9 69,5 32.9 168.9 238.7 359.8 767.4 88.7 71.2 28.4 188.3 311.8 359.8 859.9 86.8 76.7 31.3 194.8 341.7 359.8 88.8 852 33.8 207.8 346.1 359.8 913.7 896.3 28.4 8.8 18.6 7.1 25.7 501.3 527.0 252.9 779.9 16.2 6.7 22.9 501.3 524.2 243.2 767.4 22.1 7.5 29.6 576.8 606.4 253.5 859.9 37.2 602.7 639.9 256.4 896.3 30.8 9.9 40.7 602.7 643.4 270.3 913.7 Accounts Receivable Inventory Total Current Assets Net Property. Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 2015 2016 14.4 38.6 2012 16.5 27.5 3.9 (2.9) 2.8 47.8 (24.5) (24.5) (5.3) 2013 2.7 25.4 18.7 2.6 (2.8) 46.6 (23.3) (23.3) (5.3) 2014 5.5 35.3 - 1.7 4.5 6.7 50.3 (98.3) (98.3) (5.3) (5.5) (2.9) 7.6 52.2 (74.7) (74.7) (5.3) 19.2 37.1 (8.5) (2.5) 3.5 48.8 (40.1) (40.1) (6.7) (5.3) 18.0 $7.96 (5.3) 18.0 $4.03 75.5 70.2 22.2 $6.11 25.9 20.6 (1.9) $9.12 (6.7) 2.0 $12.68 (1) O declined increased (2) O declined increased
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