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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?
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.) \begin{tabular}{lrrrrrr} Cash & 80.5 & 69.0 & 84.2 & & 76.9 & \\ Accounts Receivable & 86.8 & 69.4 & 68.1 & 77.4 & 86.9 \\ Inventory & 33.7 & 29.6 & 28.5 & 30.2 & 35.9 \\ \hline Total Current Assets & 171.0 & 168.0 & 180.8 & 184.5 & 199.3 \\ Net Property, Plant \& Equipment & 249.5 & 240.9 & 308.3 & 342.6 & 346.1 \\ Goodwill \& Intangibles & 356.7 & 356.7 & 356.7 & 356.7 & 356.7 \\ \hline Total Assets & 777.2 & 765.6 & 845.8 & 883.8 & 902.1 \\ Liabilities \& Stockholders' Equity & & & & & \\ Accounts Payable & 20.3 & 17.9 & 21.3 & 28.3 & 31.9 \\ Accrued Compensation & 6.9 & 6.1 & 6.6 & 8.3 & 9.4 \\ \hline Total Current Liabilities & 27.2 & 24.0 & 27.9 & 36.6 & 41.3 \\ Long-Term Debt & 500.5 & 500.5 & 574.2 & 599.0 & 599.0 \\ \hline Total Liabilities & 527.7 & 524.5 & 602.1 & 635.6 & 640.3 \\ Stockholders' Equity & 249.5 & 241.1 & 243.7 & 248.2 & 261.8 \\ \hline Total Liabilities \& Stockholders' Equity & 777.2 & 765.6 & 845.8 & 883.8 & 902.1 \\ Statement of Cash Flows & 2015 & & 2016 & 2017 & 2018 & 2019 \\ \hline Net Income & 15.3 & 4.4 & 4.4 & 9.6 & 19.7 \\ Depreciation \& Amortization & 26.2 & 25.3 & 34.3 & 39.9 & 37.5 \\ Change in Accounts Receivable & 3.9 & 17.4 & 1.3 & (9.3) & (9.5) \\ Change in Inventory & (2.9) & 4.1 & 1.1 & (1.7) & (5.7) \\ Change in Pay. \& Accrued Comp. & 1.7 & (3.2) & 3.9 & 8.7 & 4.7 \\ \hline Cash from Operations & 44.2 & 48.0 & 45.0 & 47.2 & 46.7 \\ Capital Expenditures & (25.3) & (23.9) & (97.9) & (73.7) & (41.1) \\ \hline Cash from Investing Activ. & (25.3) & (23.9) & (97.9) & (73.7) & (41.1) \\ Dividends Paid & (5.6) & (5.6) & (5.6) & (5.6) & (6.0) \\ Sale (or Purchase) of Stock & & & & & \\ Debt Issuance (Pay Down) & (5.6) & (5.6) & 68.1 & 19.2 & (6.3) \\ \hline Cash from Financing Activ. & 13.3 & 18.5 & 15.2 & (7.3) & (0.4) \\ Change in Cash & 7.09 & $4.15 & $5.62 & $9.64 & $9.73 \end{tabular}
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