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See Table 2.5 B showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco's costs and expenses had been the same fraction
See Table 2.5 B 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 2013-2016 as they were in 2012. What would Mydeco's EPS have been each year in this case? Calculate the new EPS for 2013-2016 below: (Round dollar amounts and number of shares to one decimal place. Round percentage amount and the EPS to two decimal places.) 2013 2014 2015 $ $ $ % % % Year Revenue (millions) Net Profit Margin New Net Income (millions) Shares Outstanding (millions) New EPS 2016 $ $ $ HA $ $ $ % $ 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 404.3 363.8 424.6 510.7 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) Gross Profit 216.0 190.0 218.4 263.9 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 2016 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 48.8 88.6 33.7 171.1 245.3 361.7 778.1 69.3 69.8 30.9 170.0 243.3 361.7 775.0 87.7 69.8 28.4 185.9 309.0 361.7 856.6 80.9 76.9 31.7 189.5 345.6 361.7 896.8 91.7 86.1 35.3 213.1 347.0 361.7 921.8 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 22.0 17.9 6.4 31.7 9.7 7.0 18.7 6.7 25.4 500.0 525.4 252.7 778.1 26.8 8.1 34.9 600.0 29.0 575.0 24.3 500.0 524.3 250.7 775.0 604.0 252.6 856.6 634.9 261.9 896.8 41.4 600.0 641.4 280.4 921.8 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) 2013 3.4 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) 75.0 (5.4) 20.9 $7.92 (5.4) 20.5 $3.30 69.6 18.4 $5.25 25.0 19.6 (6.8) $8.71 (6.5) 10.8 $10.89
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