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 2016 to 2019? 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 to 2019? The revenues growth for year 2016 is %. (Round to two decimal places.) Income Statement 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2015 2016 2017 2018 2019 Revenue 399.9 359.3 425.8 513.5 607.6 Cost of Goods Sold (183.7) (168.3) (205.7) (243.3) (291.5) Gross Profit 216.2 191.0 220.1 270.2 316.1 Sales and Marketing (65.1) (65.6) (82.8) (98.4) (122.2) Administration (61.6) (59.9) (59.9) (67.7) (77.8) Depreciation & Amortization (27.0) (28.9) (34.9) (36.6) (38.5) EBIT 62.5 36.6 42.5 67.5 77.6 Interest Income (Expense) (33.9) (32.4) (31.7) (36.1) (40.5) Pretax Income 28.6 4.2 10.8 31.4 37.1 Income Tax (10.0) (1.5) (3.8) (11.0) (13.0) Net Income 18.6 2.7 7.0 20.4 24.1 Shares Outstanding (millions) 56.5 56.5 56.5 56.5 56.5 Earnings per Share $0.33 $0.05 $0.12 $0.36 $0.43 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash Accounts Receivable Inventor 50.6 72.2 90.4 94.2 97.4 89.5 70.4 70.9 75.8 87.9 21 0 202 28 5 30.6 24. Earnings per Share $0.33 $0.05 $0.12 $0.36 $0.43 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 50.6 72.2 90.4 94.2 97.4 Accounts Receivable 89.5 70.4 70.9 75.8 87.9 Inventory 31.9 29.2 28.5 30.6 34.5 Total Current Assets 172.0 171.8 189.8 200.6 219.8 Net Property, Plant & Equipment 244.8 244.7 305.5 342.8 350.7 Goodwill & Intangibles 364.9 364.9 364.9 364.9 364.9 Total Assets 781.7 781.4 860.2 908.3 935.4 Liabilities & Stockholders' Equity Accounts Payable 18.5 16.3 21.1 26.4 30.8 Accrued Compensation 6.5 7.3 6.2 8.8 8.9 Total Current Liabilities 25.0 23.6 27.3 35.2 39.7 Long-Term Debt 503.2 503.2 578.5 602.6 602.6 Total Liabilities 528.2 526.8 605.8 637.8 642.3 Stockholders' Equity 253.5 254.6 254.4 270.5 293.1 Total Liabilities & Stockholders' Equity 781.7 781.4 860.2 908.3 935.4 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.6 2.7 7.0 20.4 24.1 Depreciation & Amortization 27.0 28.9 34.9 36.6 38.5 Change in Accounts Receivable 3.9 19.1 -0.5 (4.9) (12.1) Accounts Payable Accrued Compensation Total Current Liabilities Long-Term Debt Total Liabilities Stockholders' Equity 18.5 16.3 21.1 26.4 30.8 6.5 7.3 6.2 8.8 8.9 25.0 23.6 27.3 35.2 39.7 503.2 503.2 578.5 602.6 602.6 528.2 526.8 605.8 637.8 642.3 253.5 254.6 254.4 270.5 293.1 Total Liabilities & Stockholders' Equity 781.7 781.4 860.2 908.3 935.4 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.6 2.7 7.0 20.4 24.1 Depreciation & Amortization 27.0 28.9 34.9 36.6 38.5 Change in Accounts Receivable 3.9. 19.1 -0.5 (4.9) (12.1) Change in Inventory (2.9) 2.7 0.7 (2.1) (3.9) Change in Pay. & Accrued Comp. 2.6 (1.4) 3.7 7.9 4.5 Cash from Operations 49.2 52.0 45.8 57.9 51.1 Capital Expenditures (23.0) (25.7) (98.2) (73.5) (41.8) Cash from Investing Activ. (23.0) (25.7) (98.2) (73.5) (41.8) Dividends Paid (4.7) (4.7) (4.7) (4.7) (6.1) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 75.3 24.1 Cash from Financing Activ. (4.7) (4.7) 70.6 19.4 (6.1) Change in Cash 21.5 21.6 18.2 3.8 Mydeco Stock Price $8.08 $3.12 $4.73 $8.84 3.2 $10.42