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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
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? CD 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.) Year 2016 2017 2018 2019 Revenue (millions) $ $ $ $ Net Profit Margin % % % % $ $ $ $ New Net Income (millions) Shares Outstanding (millions) New EPS $ $ $ $ - Data table U 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 Revenue 400.8 362.8 425.8 513.8 Cost of Goods Sold (184.1) (170.0) (205.5) (245.6) Gross Profit 216.7 192.8 220.3 268.2 Sales and Marketing (68.4) (67.4) (81.0) (102.0) Administration (62.3) (59.3) (61.3) (67.5) Depreciation & Amortization (27.0) (25.5) (32.4) (40.1) EBIT 59.0 40.6 45.6 58.6 Interest Income (Expense) (35.4) (31.5) (31.0) (39.2) Pretax Income 23.6 9.1 14.6 19.4 Income Tax (8.3) (3.2) (5.1) (6.8) Net Income 15.3 5.9 9.5 12.6 Shares Outstanding (millions) 54.4 54.4 54.4 54.4 Earnings per Share $0.28 $0.11 $0.17 $0.23 Balance Sheet 2015 2016 2017 2018 Assets Cash 47.8 71.6 88.4 84.8 Accounts Receivable 89.4 68.6 71.7 77.8 Inventory 34.9 31.2 29.4 30.5 Total Current Assets 172.1 171.4 189.5 193.1 2019 599.4 (296.1) 303.3 (119.8) (79.3) (39.7) 64.5 (41.2) 23.3 (8.2) 15.1 54.4 $0.28 2019 88.2 84.9 36.5 209.6 Print Done - Data table 2015 2016 2017 2018 2019 47.8 89.4 34.9 172.1 244.7 364.8 781.6 71.6 68.6 31.2 171.4 241.1 364.8 777.3 88.4 71.7 29.4 189.5 307.6 364.8 861.9 84.8 77.8 30.5 193.1 348.5 364.8 906.4 88.2 84.9 36.5 209.6 346.7 364.8 921.1 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 Statement of Cash Flows Net Income preciation & Amortization Change in Accounts Receivable Change in Inventory 17.2 6.4 23.6 501.1 524.7 256.9 781.6 16.1 6.4 22.5 501.1 523.6 253.7 777.3 20.1 7.8 27.9 577.9 605.8 256.1 861.9 28.1 8.1 36.2 601.1 637.3 269.1 906.4 33.4 10.3 43.7 601.1 644.8 276.3 921.1 2016 2019 2015 15.3 27.0 3.9 (29) 5.9 25.5 20.8 37 2017 9.5 32.4 - 3.1 18 2018 12.6 40.1 (6.1) (11) 15.1 39.7 (7.1) 16.0) Print Done 6.4 8.1 23.6 501.1 524.7 256.9 781.6 6.4 22.5 501.1 523.6 253.7 777.3 7.8 27.9 577.9 605.8 256.1 861.9 36.2 601.1 637.3 269.1 906.4 10.3 43.7 601.1 644.8 276.3 921.1 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 2015 15.3 27.0 3.9 (2.9) 1.5 44.8 (26.0) (26.0) (5.6) 2016 5.9 25.5 20.8 3.7 (1.1) 54.8 (25.4) (25.4) (5.6) 2017 9.5 32.4 - 3.1 1.8 5.4 46.0 (100.4) (100.4) (5.6) 2018 12.6 40.1 (6.1) (1.1) 8.3 53.8 (75.0) (75.0) (5.6) 2019 15.1 39.7 (7.1) (6.0) 7.5 49.2 (39.5) (39.5) (6.3) (5.6) 13.2 $8.63 (5.6) 23.8 $4.06 76.8 71.2 16.8 $5.63 23.2 17.6 (3.6) $8.18 (6.3) 3.4 $8.92
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