Question
See Table 2.5 Income Statement 2015 2016 2017 2018 2019 Revenue 407.9 360.3 429.6 513.4 603.8 Cost of Goods Sold (191.0) (171.9) (203.0) (250.8) (297.4)
See Table 2.5
Income Statement 2015 2016 2017 2018 2019 Revenue 407.9 360.3 429.6 513.4 603.8 Cost of Goods Sold (191.0) (171.9) (203.0) (250.8) (297.4) Gross Profit 216.9 188.4 226.6 262.6 306.4 Sales and Marketing (68.0) (67.7) (83.7) (100.9) (119.1) Administration (59.3) (58.2) (59.1) (65.2) (77.6) Depreciation & Amortization (26.2) (26.2) (35.0) (40.1) (37.1) EBIT 63.4 36.3 48.8 56.4 72.6 Interest Income (Expense) (35.3) (33.7) (31.4) (37.2) (38.4) Pretax Income 28.1 2.6 17.4 19.2 34.2 Income Tax (9.8) (0.9) (6.1) (6.7) (12.0) Net Income 18.3 1.7 11.3 12.5 22.2 Shares outstanding (millions) 54.2 54.2 54.2 54.2 54.2 Earnings per share $0.34 $0.03 $0.21 $0.23 $0.41 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 47.8 66.0 94.1 83.4 94.2 Accounts Receivable 86.7 69.4 69.8 76.3 86.8 Inventory 35.2 31.1 27.9 33.5 35.3 Total Current Assets 169.7 166.5 191.8 193.2 216.3 Net Property, Plant & Equip. 249.1 243.9 312.1 346.2 349.5 Goodwill & Intangibles 357.5 357.5 357.5 357.5 357.5 Total Assets 776.3 767.9 861.4 896.9 923.3 Liabilities & Stockholders' Equity Accounts Payable 19.2 17.7 23.2 27.2 33.3 Accrued Compensation 5.7 7.1 6.1 8.6 10.5 Total Current Liabilities 24.9 24.8 29.3 35.8 43.8 Long-term Debt 502.3 502.3 577.9 601.6 601.6 Total Liabilities 527.2 527.1 607.2 637.4 645.4 Stockholders' Equity 249.1 240.8 254.2 259.5 277.9 Total Liabilities & Stockholders' Equity 776.3 767.9 861.4 896.9 923.3 Statement of Cash Flows 2015 2016 2017 2018 2013 Net Income 18.3 1.7 11.3 12.5 2019 Depreciation & Amortization 26.2 26.2 35.0 40.1 37.1 Chg. in Accounts Receivable 3.9 17.3 -0.4 (6.5) (10.5) Chg. in Inventory (2.9) 4.1 3.2 (5.6) (1.8) Chg. in Pay. & Accrued Comp. 2.3 (0.1) 4.5 6.5 8.0 Cash from Operations 47.8 49.2 53.6 47.0 55.0 Capital Expenditures (24.4) (25.9) (96.0) (76.3) (38.6) Cash from Investing Activ. (24.4) (25.9) (96.0) (76.3) (38.6) Dividends Paid (5.1) (5.1) (5.1) (5.1) (5.6) Sale (or purchase) of stock - - - - - Debt Issuance (Pay Down) - - 75.6 23.7 - Cash from Financing Activ. (5.1) (5.1) 70.5 18.6 (5.6) Change in Cash 18.3 18.2 28.1 (10.7) 10.8 Mydeco Stock Price $8.56 $2.57 $5.49 $8.57 $8.95
Please answer questions filling in the blanks
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.) 2016 $ % Year Revenue (millions) Net Profit Margin New Net Income (millions) Shares Outstanding (millions) New EPS $ $Step by Step Solution
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