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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 of
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 2020-2023 as they were in 2019. What would Mydeco's EPS have been each year in this case? Calculate the new EPS for 2020-2023 below: (Round dollar amounts and number of shares to one decimal place. Round percentage amount and the EPS to two decimal places.) \begin{tabular}{lrrrrr} Income Statement & 2019 & 2020 & \multicolumn{2}{c}{2021} & \multicolumn{2}{c}{2022} & 2023 \\ \hline Revenue & 406.5 & 364.9 & 424.8 & 515.2 & 601.9 \\ Cost of Goods Sold & -186.1 & -173.3 & -209.3 & -245.3 & -296.1 \\ Gross Profit & 220.4 & 191.6 & 215.5 & 269.9 & 305.8 \\ Sales and Marketing & -64.8 & -64.7 & -84.6 & -98.6 & -121.1 \\ Administration & -61.7 & -60.2 & -57.4 & -66.4 & -80.2 \\ Depreciation \& Amortization & -28.2 & -27.6 & -36.3 & -37.2 & -40.2 \\ EBIT & 65.7 & 39.1 & 37.2 & 67.7 & 64.3 \\ Interest Income (Expense) & -33.6 & -31.3 & -34.2 & -37.1 & -38.5 \\ Pretax Income & 32.1 & 7.8 & 3.0 & 30.6 & 25.8 \\ Income Tax & -9.6 & -2.3 & -0.9 & -9.2 & -7.7 \\ Net Income & 22.5 & 5.5 & 2.1 & 21.4 & 18.1 \\ Shares Outstanding (millions) & 53.5 & 53.5 & 53.5 & 53.5 & 53.5 \\ Earnings per Share & $0.42 & $0.10 & $0.04 & $0.40 & $0.34 \\ \end{tabular}
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