See Table 2.5 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.) 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.) V in 2013 by 10.07%, however, cost of goods 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 sold by 7.69% 0 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 403.1 362.5 420.7 513.4 Cost of Goods Sold (186.0) (171.7) (204.8) (244.0) Gross Profit 217.1 190.8 215.9 269.4 Sales and Marketing (67.2) (68.1) (82.9) (101.1) Administration (58.8) (57.2) (59.0) (68.2) Depreciation & Amortization (26.3) (26.2) (32.4) (37.2) EBIT 64.8 39.3 41.6 62.9 Interest Income (Expense) (33.6) (33.7) (33.4) (36.2) Pretax Income 31.2 5.6 8.2 26.7 Income Tax (7.8) (1.4) (2.1) (6.7) Net Income 23.4 4.2 6.1 20.0 Shares Outstanding (millions) 54.1 54.1 54.1 54.1 Earnings per Share $0.43 $0.08 $0.11 $0.37 2016 601.5 (298.2) 303.3 (123.4) (77.3) (37.2) 65.4 (40.4) 25.0 (6.3) 18.7 54.1 $0.35 2012 2013 2014 2015 2016 50.5 88.4 31.8 170.7 240.3 358.8 769.8 65.9 69.2 30.2 165.3 240.4 358.8 764.5 81.8 68.2 27.3 177.3 307.2 358.8 843.3 77.9 76.5 30.5 184.9 342.3 358.8 886.0 76.6 85.9 36.6 199.1 342.4 358.8 900.3 Balance Sheet Assets Cash 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 20.3 7.3 27.6 503.8 531.4 238.4 769.8 17.2 6.6 23.8 503.8 527.6 236.9 764.5 21.4 7.5 28.9 580.7 609.6 233.7 843.3 27.6 8.7 36.3 605.1 641.4 244.6 886.0 31.8 10.4 42.2 605.1 647.3 253.0 900.3 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 23.4 26.3 3.9 (2.9) 3.1 53.8 (25.4) (25.4) (5.2) 2013 4.2 26.2 19.2 1.6 (3.8) 47.4 (26.8) (26.8) (5.2) 2014 6.1 32.4 1.0 2.9 5.1 47.5 (103.3) (103.3) (5.2) 2015 20.0 37.2 (8.3) (3.2) 7.4 53.1 (76.2) (76.2) (5.2) 2016 18.7 37.2 (9.4) (6.1) 5.9 46.3 (40.7) (40.7) (6.9) (5.2) 23.2 $6.95 (5.2) 15.4 $3.29 76.9 71.7 15.9 $5.81 24.4 19.2 (3.9) $8.34 (6.9) (1.3) $10.29