See Table below 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 2012 is _____________days. (Round to one decimal place.)

The accounts receivable days for 2016 is __________days. (Round to one decimal place.)

b. How did Mydeco's inventory days change over this period?

Inventory days for 2012 is _____________days. (Round to one decimal place.)

Inventory days for 2016 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 2012 and 2016, Mydeco's working capital management was _____________worsened or improved by both __________reducing or increasing accounts receivable days and inventory days.

Income Statement	2012	2013	2014	2015	2016
Revenue	400.6	364.4	425.8	512.8	602.1
Cost of Goods Sold	(191.3)	(176.0)	(201.3)	(248.7)	(297.4)
Gross Profit	209.3	188.4	224.5	264.1	304.7
Sales and Marketing	(66.3)	(66.6)	(82.7)	(100.5)	(119.3)
Administration	(60.4)	(60.4)	(60.7)	(67.1)	(77.1)
Depreciation & Amortization	(29.1)	(27.4)	(34.6)	(39.2)	(37.6)
EBIT	53.5	34	46.5	57.3	70.7
Interest Income (Expense)	(32.6)	(32.3)	(33.6)	(36.4)	(40.2)
Pretax Income	20.9	1.7	12.9	20.9	30.5
Income Tax	(7.3)	(0.6)	(4.5)	(7.3)	(10.7)
Net Income	13.6	1.1	8.4	13.6	19.8
Shares outstanding (millions)	56.4	56.4	56.4	56.4	56.4
Earnings per share	$0.24	$0.02	$0.15	$0.24	$0.35
Balance Sheet	2012	2013	2014	2015	2016
Assets
Cash	47.4	63.9	85.8	77.3	87.6
Accounts Receivable	89.2	69.8	70.6	76.9	84.5
Inventory	32.9	32.6	27.8	33.7	35.7
Total Current Assets	169.5	166.3	184.2	187.9	207.8
Net Property, Plant & Equip.	242.9	240.3	308.4	342.1	346.1
Goodwill & Intangibles	360.7	360.7	360.7	360.7	360.7
Total Assets	773.1	767.3	853.3	890.7	914.6
Liabilities & Stockholders' Equity
Accounts Payable	20.1	19.7	21.3	25.3	33.3
Accrued Compensation	6.9	6.5	6.2	8.5	10.1
Total Current Liabilities	27	26.2	27.5	33.8	43.4
Long-term Debt	503.1	503.1	579.3	604.8	604.8
Total Liabilities	530.1	529.3	606.8	638.6	648.2
Stockholders' Equity	243	238	246.5	252.1	266.4
Total Liabilities & Stockholders' Equity	773.1	767.3	853.3	890.7	914.6
Statement of Cash Flows	2012	2013	2014	2015	2016
Net Income	13.6	1.1	8.4	13.6	19.8
Depreciation & Amortization	29.1	27.4	34.6	39.2	37.6
Chg. in Accounts Receivable	3.9	19.4	-0.8	(6.3)	(7.6)
Chg. in Inventory	(2.9)	0.3	4.8	(5.9)	(2.0)
Chg. in Pay. & Accrued Comp.	2.3	(0.8)	1.3	6.3	9.6
Cash from Operations	46	47.4	48.3	46.9	57.4
Capital Expenditures	(26.1)	(25.0)	(96.7)	(75.0)	(41.1)
Cash from Investing Activ.	(26.1)	(25.0)	(96.7)	(75.0)	(41.1)
Dividends Paid	(5.9)	(5.9)	(5.9)	(5.9)	(6.0)
Sale (or purchase) of stock	-	-	-	-	-
Debt Issuance (Pay Down)	-	-	76.2	25.5	-
Cash from Financing Activ.	(5.9)	(5.9)	70.3	19.6	(6.0)
Change in Cash	14	16.5	21.9	(8.5)	10.3
Mydeco Stock Price	$8.43	$4.16	$4.73	$9.17	$11.15