Score: 0 of 1 pt 4 of 10 (3 complete) P2-9 Updated (book/static) 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 2016? 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 to two decimal places.) Enter your answer in the answer box and then click Check Answer. 8 parts remaining Clear All 2016 2012-2016 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2012 2013 2014 Income Statement 2015 Revenue 404.3 363.8 424.6 510.7 Cost of Goods Sold (188.3) (173.8) (2062) (246.8) 216.0 Gross Profit 190.0 263.9 218.4 Sales and Marketing (66.7) (66.4) (82.8) (102.1) Administration (60.6) (59.1) (59.4) (66.4) Depreciation & Amortization (27.3) (27.0) (34.3) (38.4) EBIT 61.4 37.5 41.9 57.0 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) Pretax Income 27.7 4.6 9.7 19.6 Income Tax (6.9) (1.2) (2.4) (4.9) Net Income 20.8 3.4 7.3 14.7 Shares Outstanding (millions) 55 55 55 55 Earnings per Share $0.38 $0.06 $0.13 $0.27 Balance Sheet 2012 2013 2014 2015 Assets Cash 48.8 69.3 87.7 80.9 Accounts Receivable 88.6 69.8 69.8 76.9 Inventory 33.7 30.9 28.4 31.7 Total Current Assets 171.1 170.0 185.9 189.5 604.1 (293.4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (8.4) 25.0 55 $0.45 2016 91.7 86.1 35.3 213.1 ght 171.1 245,3 361.7 778.1 at po 170.0 243.3 361.7 775.0 185.9 309.0 361.7 856.6 189.5 345.6 361.7 896.8 213.1 3470 361.7 921.8 nues 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. 18.7 6.7 25.4 500.0 525.4 252.7 778.1 179 6.4 243 500.0 524.3 250.7 775.0 22.0 7.0 29.0 5750 604.0 2526 856.6 26.8 8.1 34.9 600.0 634.9 2519 896.8 31.7 9.7 41.4 600.0 6414 280.4 9218 rrect: 2013 2014 73 343 00 2015 147 38.4 (7.1) 2012 20.8 273 3.9 (2.9) 2.2 51.3 (25.0) (250) 25 (3.3) 27.0 18.8 2.8 (1.1) 50.9 (250) (250) 2016 25.0 386 (92) (3.6) 6.5 57.3 (400) (400) 5.9 48.8 (1000) (100,0) 48.6 (750) (750) r your an Print Done Sarts remaining 28 30 % 5 & 7 4 6 8 9 0 E R T P F G H . K 6.7 25.4 500.0 525.4 252.7 778.1 6.4 24.3 500.0 524.3 250.7 775.0 7.0 29.0 575.0 604.0 252.6 856.6 8.1 34.9 600.0 634.9 261.9 896.8 9.7 41.4 600.0 641.4 280.4 921.8 2013 3.4 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 2012 20.8 27.3 3.9 (2.9) 2.2 51.3 (25.0) (25.0) (5.4) 27.0 18.8 2.8 (1.1) 50.9 (25.0) (25.0) (5.4) 2014 7.3 34.3 0.0 2.5 4.7 48.8 (100.0) (100.0) (5.4) 2015 14.7 38.4 (7.1) (3.3) 5.9 48.6 (75.0) (75.0) (5.4) 2016 25.0 38.6 (9.2) (3.6) 6.5 57.3 (40.0) (40.0) (6.5) (5.4) 20.9 $7.92 (5.4) 20.5 $3.30 75.0 69.6 18.4 $5.25 25.0 19.6 (6.8) $8.71 (6.5) 10.8 $10.89
