See Table below showing financial statement data and stock price data for Mydeco Corp. a....

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Finance

See Table below showing financial statement data and stock price data for Mydeco Corp.

a. By what percentage did? Mydeco's revenues grow each year from 2013 to 2016??

b. By what percentage did net income grow each? year?

c. Why might the growth rates of revenues and net income? differ?

2012?--2016

Financial Statement Data and Stock Price Data for Mydeco Corp.

?(All data as of fiscal year? end; in? $ millions)

Income Statement

2012

2013

2014

2015

2016

Revenue

399.8

362.6

423.7

510.7

605.9

Cost of Goods Sold

( 183.5 )

( 174.5 )

( 211.0 )

( 246.8 )

( 295.8 )

Gross Profit

216.32

188.11

212.7

263.9

310.1

Sales and Marketing

( 66.6 )

( 67.0 )

( 84.2 )

( 96.5 )

( 120.6 )

Administration

( 60.2

( 57.7 )

( 57.9 )

( 67.2 )

( 79.0 )

Depreciation? & Amortization

( 26.7 )

( 26.9 )

( 34.5 )

( 38.6 )

( 40.3 )

EBIT

62.8

36.5

36.1

61.6

70.2

Interest Income? (Expense)

( 34.9 )

( 34.7 )

( 31.7 )

( 38.7 )

( 38.7 )

Pretax Income

27.9

1.8

4.4

22.9

31.5

Income Tax

( 9.8 )

( 0.6 )

( 1.5 )

( 8.0 )

( 11.0 )

Net Income

18.1

1.2

2.9

14.9

20.5

Shares Outstanding? (millions)

56.9

56.9

56.9

56.9

56.9

Earnings per Share

$ 0.32

$ 0.02

$ 0.05

$ 0.26

$ 0.36

Balance Sheet

2012

2013

2014

2015

2016

Assets

Cash

48.7

63.9

81.5

77.4

86.1

Accounts Receivable

87.5

69.7

69.8

76.7

84.2

Inventory

31.9

30.7

28.6

29.8

33.9

Total Current Assets

168.1

164.3

179.9

183.9

204.2

Net? Property, Plant? & Equipment

241.6

243.9

305.1

342.8

343.1

Goodwill? & Intangibles

365.3

365.3

365.3

365.3

365.3

Total Assets

775.0

773.5

850.3

892.0

912.6

Liabilities? & Stockholders' Equity

Accounts Payable

20.6

18.9

22.8

26.8

32.3

Accrued Compensation

7.2

6.6

7.1

7.3

8.8

Total Current Liabilities

27.8

25.5

29.9

34.1

41.1

?Long-Term Debt

503.4

503.4

578.8

605.4

605.4

Total Liabilities

531.2

528.9

608.7

639.5

646.5

?Stockholders' Equity

243.8

244.6

241.6

252.5

266.1

Total Liabilities? & Stockholders' Equity

775.0

773.5

850.3

892.0

912.6

Statement of Cash Flows

2012

2013

2014

2015

2016

Net Income

18.1

1.2

2.9

14.9

20.5

Depreciation? & Amortization

26.7

26.9

34.5

38.6

40.3

Change in Accounts Receivable

3.9

17.8

-0.1

( 6.9 )

( 7.5 )

Change in Inventory

( 2.9 )

1.2

2.1

( 1.2 )

( 4.1 )

Change in Pay.? & Accrued Comp.

1.8

( 2.3 )

4.4

4.2

7.0

Cash from Operations

47.6

44.8

43.8

49.6

56.2

Capital Expenditures

( 23.6 )

( 24.6 )

( 96.6 )

( 75.3 )

( 41.8 )

Cash from Investing Activ.

( 23.6 )

( 24.6 )

( 96.6 )

( 75.3 )

( 41.8 )

Dividends Paid

( 5.0 )

( 5.0 )

( 5.0 )

( 5.0 )

( 5.7 )

Sale? (or Purchase) of Stock

?-

?-

?-

?-

?-

Debt Issuance? (Pay Down)

?-

?-

75.4

26.6

?-

Cash from Financing Activ.

( 5.0 )

( 5.0 )

70.4

21.6

( 5.7 )

Change in Cash

19.0

15.2

17.6

( 4.1 )

8.7

Mydeco Stock Price

$ 8.59

$ 2.94

$ 5.48

$ 9.12

$ 9.11

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