See Table 2.5 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? 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 409.1 368.2 422.9 508.2 Cost of Goods Sold (191.9) (175.2) (205.3) (245.1) Gross Profit 217.2 193.0 217.6 263.1 Sales and Marketing (66.2) (68.4) (81.6) (99.9) Administration (62.3) (58.6) (58.4) (68.2) Depreciation & Amortization (26.6) (26.0) (34.7) (39.5) EBIT 62.1 40.0 42.9 55.5 Interest Income (Expense) (31.8) (31.7) (33.4) (35.7) Pretax Income 30.3 8.3 9.5 19.8 Income Tax (7.6) (2.1) (2.4) (5.0) Net Income 22.7 6.2 7.1 14.8 Shares Outstanding (millions) 55.2 55.2 55.2 55.2 Earnings per Share $0.41 $0.11 $0.13 $0.27 Balance Sheet 2012 2013 2014 2015 Assets 2016 604.2 (291.8) 312.4 (119.9) (77.2) (39.9) 75.4 (38.2) 37.2 (9.3) 27.9 55.2 $0.51 2016 2012 2013 2014 2015 2016 48.3 90.2 34.5 173.0 244.9 360.5 778.4 71.7 71.1 29.8 172.6 243.8 360.5 776.9 93.6 69.6 26.7 189.9 307.4 360.5 857.8 82.0 78.8 33.3 194.1 345.4 360.5 900.0 99.3 86.8 36.5 222.6 345.3 360.5 928.4 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 18.8 6.2 25.0 497.8 522.8 255.6 778.4 16.7 7.2 23.9 497.8 521.7 255.2 776.9 21.3 6.8 28.1 572.4 600.5 257.3 857.8 27.4 8.6 36.0 596.5 632.5 267.5 900.0 33.2 10.4 43.6 596.5 640.1 288.3 928.4 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 22.7 26.6 3.9 (2.9) 2.4 52.7 (25.4) (25.4) 2013 6.2 26.0 19.1 4.7 (1.1) 54.9 (25.6) (25.6) (5.9) 2014 7.1 34.7 1.5 3.1 4.2 50.6 (97.4) (97.4) (5.9) 2015 14.8 39.5 (9.2) (6.6) 7.9 46.4 (76.2) (76.2) (5.9) 2016 27.9 39.9 (8.0) (3.2) 7.6 64.2 (41.0) (41.0) (5.9) (5.9) (5.9) 21.4 $7.44 (5.9) 23.4 $2.84 74.6 68.7 21.9 $5.73 24.1 18.2 (11.6) $8.52 (5.9) 17.3 $11.33