See table showing financial statement data and stock price data for Mydeco Corpa. 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 from 2016 to 2019? c. Why might the growth rates of revenues and net income differ?(Select from the drop-down menus.) Net income growth rate differs from revenue growth rate because cost of goods sold and other expenses can move at different rates than revenues. For example, revenues (increase or declined) in 2016 by 11.51% however, cost of goods sold (increase or declined) by 6.29%

co 2015 2016 2017 2018 2019 3 Income Statement 4059 359.2 422.2 508.9 606.3 4 Revenue (185.9) (1742) (207.8) (246.2) (2962) 5 Cost of Goods Sold 220 185 214.4 262.7 310.1 6 Gross Profit (66.8) (64.6) (81.9) 7 Sales and Marketing (977) (116.8) (59.3) (59.3) (57.6) (65.4) 8 Administration 178.1) (25.4) (26.0) (32.3) 9 Depreciation & Amortization (37.0) (372) 68.5 35.1 42.6 10 EBIT 62. 6 7 8 (35.3) 11 Interest Income (Expense) (31.7) (317) (35.8) (40.9) 33.2 12 Pretax Income LE3.4 10.9 26.8 37.1 (11.6) 13 Income Tax (1.2) (3.8) (9.4) (13.0) 21.6 14 Net Income 2. 2 7 1 174 24.1) 15 Shares Outstanding (millions) 568 56.8 56.8 - 56. 8 5 6.8 16 Earnings per Share $0.38 $0.04 $0.13 $0.31 $0.42 17 Balance Sheet 2015 2016 2017 2018 2019 18 Assets 19 Cash 47.4 67.5 79.9 79.9 82.1 20 Accounts Receivable 88.3 69. 1 70. 2 75.7 86.5 21 Inventory 35.1 31.8 28.3 30. 9 36.1 22 Total Current Assets 170.8 168.4 178.4 186.5 204.7 23 Net Property, Plant & Equip. 245.7 305.7 348.5 350.3 24 Goodwill & Intangibles 3574 357. 4 357.4 357.4|| 25 Total Assets 773.9 767.6 841.5 892.41 26 Liabilities & Stockholders' Equity 27 Accounts Payable 17.4 16.3 21.7 28.7 28 Accrued Compensation 6.8 6.8 6.4 29 Total Current Liabilities 24.2 23.1 281 37.1 413 30 Long-term Debt 499.4 499.41 575 600.5 600.5 31 Total Liabilities 523.6 522.5 6031 637.6 641.8 32 Stockholders' Equity 250. 3 2451 238.4 33 Total Liabilities & Stockholders' Equity 254.8 270.6 773.9 767.61 8415 8924 912.4 34 Statement of Cash Flows 2015 2016 2017 2018 35 Net Income 2019 216 - 221 7 11 17.4 36 Depreciation & Amortization 24.11 25 4 261 373 37 Che in Accounts Receivable 37 37.2 3.9 19.2 - 38 Chg in Inventory -11 (5.5) (10.8) (2.9) 3.3 39 Chg in Pay & Accrued Comp 3.5 2.6) 15.2 1.3 (1.1) 40 Cash from Operations 9 42 49. 3 49. 6 41 Capital Expenditures 46.8 55.3 49.5 4.4) 42 Cash from investing Activ (234) (103.9) 174.7) 4) 140.8) 123.4) 43 Dividends Pald (1039) (747) (408) 44 Sale for purchase) of stock 1) 16.1 16.1) 16.5) 45 Debt Issuance Pay Down) 46 Cash from Financing Activ 75.6 (6.1) 47 Change in Cash 69.5 19.4 6.5 48 Mydeco Stock Price 18.8 20.11 12.4) $8.16 $2.66 55.97 $7.99 $9.57 000 lu 0 DONN in bo DLL 32.5 255