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Suppose Mydeco repurchases 2 million shares each year from 2013 to 2016, what would its earnings per share be in years 2013-2016? (assume Mydeco pays

  1. Suppose Mydeco repurchases 2 million shares each year from 2013 to 2016, what would its earnings per share be in years 2013-2016? (assume Mydeco pays for the shares using its available cash and that earns no interest on its cash balances.)
  2. Suppose Mydecos costs and expenses had been the same fraction of revenue in 2013-2016 as they were in 2012, what would EPS have been each year in this case?

Must present calculations in excel, with explanation of each process

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Mydeco Corp. 2012-2016 Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares outstanding (millions) Earnings per share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equip. Goodwill & Intangibles Total Assets Liabilities du Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity (All data as of fiscal year end; in $ million) 2012 2013 2014 2015 2016 404.3 363.8 424.6 510.7 604.1 (188.3) (173.8) (206.2) (246.8) (293.4) 216.0 190.0 218.4 263.9 310.7 (66.7) (66.4) (82.8) (102.1) (120.8) (60.6) (59.1) (59.4) (66.4) (78.5) (27.3) (27.0) (34.3) (38.4) (38.6) 61.4 37.5 41.9 57.0 72.8 (33.7) (32.9) (32.2) (37.4) (39.4) 27.7 4.6 9.7 19.6 33.4 (9.7) (1.6) (3.4) (6.9) (11.7) 18.0 3.0 6.3 21.7 55.0 55.0 55.0 55.0 55.0 $0.33 $0.05 $0.11 $0.23 $0.39 2012 2013 2014 2015 2016 12.7 68.9 69.8 30.9 48.8 88.6 33.7 171.1 245.3 361.7 778.1 169.6 243.3 361.7 774.6 86.3 69.8 28.4 184.5 309 361.7 855.2 77.5 76.9 31.7 186.1 345.6 361.7 893.4 85.0 86.1 35.3 206.4 347.0 361.7 915.1 17.9 31.7 9.7 41.4 18.7 6.7 25.4 500.0 525.4 252.7 6.4 24.3 500.0 524.3 250.3 22.0 7.0 29.0 575.0 604.0 251.2 26.8 8.1 34.9 600.0 634.9 258.5 600.0 641.4 273.7 778.1 774. 6 8 55.2 893.4 915.1 2012 18.0 27.3 3.9 (2.9) Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Chg. in Accounts Receivable Chg. in Inventory Chg. in Payables & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activities Dividends Paid Sale (or purchase) of stock Debt Issuance (Pay Down) Cash from Financing Activities Change in Cash Mydeco Stock Price 2013 3.0 27.0 18.8 2.8 (1.1) 50.5 (25.0) (25.0) (5.4) 2014 6.3 34.3 (0.0) 2.5 4.7 47.8 (100.0) (100.0) (5.4) 2015 12.7 38.4 (7.1) (3.3) 5.9 46.6 (75.0) (75.0) (5.4) 2016 21.7 38.6 (9.2) (3.6) 6.5 54.0 (40.0) (40.0) (6.5) 2.2 48.5 (25.0) (25.0) (5.4) (5.4) 18.1 $7.92 (5.4) 20.1 $3.30 75.0 69.6 17.4 $5.25 25.0 19.6 (8.8) $8.71 (6.5) 7.5 $10.89

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