See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. How did Mydeco's accounts receivable days change over this period? b. How did Mydeco's inventory days change over this period? c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? (Note: Use a 365-day year.) a. How did Mydeco's accounts receivable days change over this period? The accounts receivable days for 2015 is days. (Round to one decimal place.) The accounts receivable days for 2019 is days. (Round to one decimal place.) b. How did Mydeco's inventory days change over this period? Inventory days for 2015 is days. (Round to one decimal place.) Inventory days for 2019 is days. (Round to one decimal place.) c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? (Select the best choice below.) Between 2015 and 2019, Mydeco's working capital management was by both accounts receivable days and inventory days. 2019 608.9 (294.0) 314.9 (124.0) (79.5) (39.6) 71.8 (40.0) 31.8 (11.1) 20.7 55.7 $0.37 2019 34.8 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 406.7 365.2 422.1 510.1 Cost of Goods Sold (1 84.2) (171.7) (207.8) (247.4) Gross Profit 222.5 193.5 214.3 262.7 Sales and Marketing (68.7) (65.6) (83.3) (103.7) Administration (59.8) (59.9) (58.5) (67.2) Depreciation & Amortization (25.7) (28.2) (33.8) (36.7) EBIT 68.3 39.8 38.7 55.1 Interest Income (Expense) (32.3) (34.0) (33.1) (38.8) Pretax Income 36.0 5.8 5.6 16.3 Income Tax (12.6) (2.0) (2.0) (5.7) Net Income 23.4 3.8 3.6 10.6 Shares Outstanding (millions) 55.7 55.7 55.7 55.7 Eamings per Share $0.42 $0.07 $0.06 $0.19 Balance Sheet 2015 2016 2017 2018 Assets Cash 50.5 75.7 87.1 71.4 Accounts Receivable 86.8 69.5 68.4 75.7 Inventory 29.7 27.1 31.6 Total Current Assets 172.1 174.9 182.6 178.7 Net Property, Plant & Equipment 245.4 247.7 311.3 346.2 Goodwill & Intangibles 362.2 362.2 362.2 362.2 Total Assets 779.7 784.8 856.1 887.1 Liabilities & Stockholders' Equity Accounts Payable 19.9 19.1 22.4 25.2 Accrued Compensation 6.4 7.1 7.1 8.6 Total Current Liabilities 26.3 26.2 29.5 33.8 Long-Term Debt 495.3 495.3 569.6 593.1 Total Liabilities 521.6 521.5 599.1 626.9 Stockholders' Equity 258.1 263.3 257.0 260.2 Total Liabilities & Stockholders' Equity 779.7 784.8 856.1 887.1 Statement of Cash Flows 2015 2016 2017 2018 Net Income 23.4 3.8 3.6 10.6 Depreciation & Amortization 25.7 28.2 33.8 36.7 Change in Accounts Receivable 3.9 17.3 1.1 (7.3) Change in Inventory (2.9) 5.1 2.6 (4.5) Change in Pay. & Accrued Comp. 2.1 (0.1) 3.3 4.3 Cash from Operations 52.2 54.3 44.4 39.8 Capital Expenditures (25.4) (24.2) (102.4) (74.1) Cash from Investing Activ. (25.4) (24.2) (102.4) (74.1) Dividends Paid (4.9) (4.9) (4.9) (4.9) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 74.3 23.5 Cash from Financing Activ. (4.9) (4.9) 69.4 18.6 Change in Cash 21.9 25.2 11.4 (15.7) Mydeco Stock Price $8.41 $2.81 $4.73 $8.21 79.1 86.7 34.4 200.2 346.5 362.2 908.9 32.5 10.1 42.6 593.1 635.7 273.2 908.9 2019 20.7 39.6 (11.0) (2.8) 8.8 55.3 (40.8) (40.8) (6.8) (6.8) 7.7 $10.71