Question
See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. a. By what percentage did Mydeco's revenues grow each year
See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. a. By what percentage did Mydeco's revenues grow each year from -? 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 2016-2019?
The revenues growth for year 2016 is _____%. (Round to two decimal places.)
The revenues growth for year 2017 is _____%. (Round to two decimal places.)
The revenues growth for year 2018 is _____%. (Round to two decimal places.)
The revenues growth for year 2019 is _____%. (Round to two decimal places.)
b. By what percentage did net income grow each year?
The net income growth for year 2016 is _____ %. (Round to two decimal places.)
The net income growth for year 2017 is _____ %. (Round to two decimal places.)
The net income growth for year 2018 is _____ %. (Round to two decimal places.)
The net income growth for year 2019 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 (declined/increased) in 2016 by 10.11%, however, cost of goods sold (increased/declined) by 7.27%.
2015..2n19 Financial Statement Data and Stork Prico Mata for Mucloco Corn \begin{tabular}{lrrrrrrr} Stockholders' Equity & 264.4 & 256.5 & 270.6 & 278.6 & 302.4 \\ \hline Total Liabilities \& Stockholders' & 784.3 & 775.2 & 871.2 & & 911.8 & 941.1 \\ Equity & & & & & & & \\ Statement of Cash Flows & 2015 & 2016 & 2017 & 2018 & 2019 \\ \hline Net Income & 22.6 & 1.0 & 12.7 & 16.0 & 27.1 \\ Depreciation \& Amortization & 27.0 & 25.9 & 32.9 & 39.3 & 37.0 \\ Change in Accounts Receivable & 3.9 & 19.3 & 2.6 & (4.0) & (11.1) \\ Change in Inventory & (2.9) & 4.7 & 4.2 & (3.2) & (5.2) \\ Change in Pay. \& Accrued Comp. & 2.4 & (1.2) & 7.3 & 6.0 & 5.5 \\ \hline Cash from Operations & 53.0 & 49.7 & 54.5 & 54.1 & 53.3 \\ Capital Expenditures & (23.5) & (26.3) & (96.0) & (74.1) & (41.0) \\ \hline Cash from Investing Activ. & (23.5) & (26.3) & (96.0) & (74.1) & (41.0) \\ Dividends Paid & (5.3) & (5.3) & (5.3) & (5.3) & (5.6) \\ Sale (or Purchase) of Stock & & & & & \\ Debt Issuance (Pay Down) & & & 74.6 & 26.6 & \\ \hline Cash from Financing Activ. & (5.3) & (5.3) & 69.3 & 21.3 & (5.6) \\ Change in Cash & 24.2 & 18.1 & 27.8 & 1.3 & 6.7 \\ Mydeco Stock Price & $7.43 & $3.34 & $4.34 & $8.83 & $10.53 \end{tabular}
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