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2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 2019 Revenue 402.1 362.8 421.7 506.8 599.2 Cost of Goods Sold (183.4) (170.1) (205.4) (248.4) (295.5) Gross Profit 218.7 192.7 216.3 258.4 303.7 Sales and Marketing (64.9) (62.3) (29.1) (83.2) (60.7) (34.7) (65.7) (105.1) (66.8) (39.1) (117.6) (79.8) (37.5) Administration (58.6) (28.5) Depreciation & Amortization EBIT 62.4 39.9 37.7 47.4 68.8 Interest Income (Expense) (33.8) (32.9) (33.9) (36.1) (41.3) Pretax Income 28.6 7.0 3.8 11.3 27.5 Income Tax (10.0) (2.5) (1.3) (4.0) (9.6) Net Income 18.6 4.5 2.5 7.3 17.9 Shares Outstanding (millions) Earnings per Share 56.8 56.8 56.8 56.8 56.8 $0.33 $0.08 $0.04 $0.13 $0.32 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 50.7 76.2 86.0 71.9 76.5 Accounts Receivable 87.5 70.5 70.9 76.1 86.8 32.2 35.9 199.2 Inventory 30.5 28.1 33.7 Total Current Assets 170.4 177.2 185.0 181.7 Net Property, Plant & Equipment Goodwill & Intangibles 246.1 239.8 305.8 350.2 347.2 362.4 362.4 362.4 362.4 362.4 Total Assets 778.9 779.4 853.2 894.3 908.8 Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation 18.2 19.3 23.2 25.7 33.1 5.9 7.3 6.4 8.9 9.6 Total Current Liabilities 24.1 26.6 29.6 34.6 42.7 Long-Term Debt 504.4 504.4 581.1 606.8 606.8 Total Liabilities 528.5 531.0 610.7 641.4 649.5 Stockholders' Equity 250.4 248.4 242.5 252.9 259.3 Total Liabilities & Stockholders' Equity 778.9 779.4 853.2 894.3 908.8 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.6 4.5 2.5 7.3 17.9 Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. 29.1 28.5 34.7 39.1 37.5 3.9 - 0.4 (5.2) (5.6) (10.7) (2.2) 17.0 (2.9) 1.7 2.4 2.2 2.5 3.0 5.0 8.1 50.9 54.2 42.2 40.6 50.6 (24.5) (24.5) (4.9) (23.8) (23.8) (4.9) (104.2) (104.2) (4.9) (75.5) (75.5) (4.9) (38.7) (38.7) (7.3) Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 76.7 25.7 (4.9) (4.9) 71.8 20.8 (7.3) (14.1) $9.64 21.5 25.5 9.8 4.6 $7.91 $3.69 $6.23 $9.24

2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 2019 Revenue 402.1 362.8 421.7 506.8 599.2 Cost of Goods Sold (183.4) (170.1) (205.4) (248.4) (295.5) Gross Profit 218.7 192.7 216.3 258.4 303.7 Sales and Marketing (64.9) (62.3) (29.1) (83.2) (60.7) (34.7) (65.7) (105.1) (66.8) (39.1) (117.6) (79.8) (37.5) Administration (58.6) (28.5) Depreciation & Amortization EBIT 62.4 39.9 37.7 47.4 68.8 Interest Income (Expense) (33.8) (32.9) (33.9) (36.1) (41.3) Pretax Income 28.6 7.0 3.8 11.3 27.5 Income Tax (10.0) (2.5) (1.3) (4.0) (9.6) Net Income 18.6 4.5 2.5 7.3 17.9 Shares Outstanding (millions) Earnings per Share 56.8 56.8 56.8 56.8 56.8 $0.33 $0.08 $0.04 $0.13 $0.32 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 50.7 76.2 86.0 71.9 76.5 Accounts Receivable 87.5 70.5 70.9 76.1 86.8 32.2 35.9 199.2 Inventory 30.5 28.1 33.7 Total Current Assets 170.4 177.2 185.0 181.7 Net Property, Plant & Equipment Goodwill & Intangibles 246.1 239.8 305.8 350.2 347.2 362.4 362.4 362.4 362.4 362.4 Total Assets 778.9 779.4 853.2 894.3 908.8 Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation 18.2 19.3 23.2 25.7 33.1 5.9 7.3 6.4 8.9 9.6 Total Current Liabilities 24.1 26.6 29.6 34.6 42.7 Long-Term Debt 504.4 504.4 581.1 606.8 606.8 Total Liabilities 528.5 531.0 610.7 641.4 649.5 Stockholders' Equity 250.4 248.4 242.5 252.9 259.3 Total Liabilities & Stockholders' Equity 778.9 779.4 853.2 894.3 908.8 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.6 4.5 2.5 7.3 17.9 Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. 29.1 28.5 34.7 39.1 37.5 3.9 - 0.4 (5.2) (5.6) (10.7) (2.2) 17.0 (2.9) 1.7 2.4 2.2 2.5 3.0 5.0 8.1 50.9 54.2 42.2 40.6 50.6 (24.5) (24.5) (4.9) (23.8) (23.8) (4.9) (104.2) (104.2) (4.9) (75.5) (75.5) (4.9) (38.7) (38.7) (7.3) Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 76.7 25.7 (4.9) (4.9) 71.8 20.8 (7.3) (14.1) $9.64 21.5 25.5 9.8 4.6 $7.91 $3.69 $6.23 $9.24

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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  1. By what percentage did​ Mydeco's revenues grow each year from 2016 to 2019​? (Round to two decimal​ places.)
  2. By what percentage did net income grow each​ year? (Round to two decimal​ places.)
  3. Why might the growth rates of revenues and net income​ differ? (Round to two decimal​ places.)
2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 2019 Revenue 402.1 362.8 421.7 506.8 599.2 Cost of Goods Sold (183.4) (170.1) (205.4) (295.5) (248.4) 258.4 Gross Profit 218.7 192.7 216.3 303.7 Sales and Marketing (64.9) (62.3) (29.1) (65.7) (58.6) (28.5) (83.2) (60.7) (34.7) (105.1) (66.8) (39.1) 47.4 (117.6) (79.8) (37.5) Administration Depreciation & Amortization EBIT 62.4 39.9 37.7 68.8 Interest Income (Expense) (33.8) (32.9) (33.9) (36.1) (41.3) Pretax Income 28.6 7.0 3.8 11.3 27.5 Income Tax (10.0) (2.5) (1.3) (4.0) (9.6) Net Income 18.6 4.5 2.5 7.3 17.9 Shares Outstanding (millions) Earnings per Share 56.8 56.8 56.8 56.8 56.8 $0.33 $0.08 $0.04 $0.13 $0.32 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 50.7 76.2 86.0 71.9 76.5 Accounts Receivable 87.5 70.5 70.9 76.1 86.8 Inventory 32.2 30.5 28.1 33.7 35.9 Total Current Assets 170.4 177.2 185.0 181.7 199.2 Net Property, Plant & Equipment Goodwill & Intangibles 246.1 239.8 305.8 350.2 347.2 362.4 362.4 362.4 362.4 362.4 Total Assets 778.9 779.4 853.2 894.3 908.8 Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation 18.2 19.3 23.2 25.7 33.1 5.9 7.3 6.4 8.9 9.6 Total Current Liabilities 24.1 26.6 29.6 34.6 42.7 Long-Term Debt 504.4 504.4 581.1 606.8 606.8 Total Liabilities 528.5 531.0 610.7 641.4 649.5 Stockholders' Equity 250.4 248.4 242.5 252.9 259.3 Total Liabilities & Stockholders' Equity 778.9 779.4 853.2 894.3 908.8 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.6 4.5 2.5 7.3 17.9 Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations 29.1 28.5 34.7 39.1 37.5 (10.7) (2.2) 3.9 17.0 - 0.4 (5.2) (5.6) (2.9) 1.7 2.4 2.2 2.5 3.0 5.0 8.1 50.9 54.2 42.2 40.6 50.6 (104.2) (104.2) (4.9) Capital Expenditures (24.5) (24.5) (4.9) (23.8) (23.8) (4.9) (75.5) (75.5) (4.9) (38.7) (38.7) (7.3) Cash from Investing Activ. Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) 76.7 25.7 Cash from Financing Activ. Change in Cash Mydeco Stock Price (4.9) (4.9) 71.8 20.8 (7.3) 21.5 25.5 9.8 (14.1) 4.6 $7.91 $3.69 $6.23 $9.64 $9.24
Transcribed Image Text:2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 2019 Revenue 402.1 362.8 421.7 506.8 599.2 Cost of Goods Sold (183.4) (170.1) (205.4) (295.5) (248.4) 258.4 Gross Profit 218.7 192.7 216.3 303.7 Sales and Marketing (64.9) (62.3) (29.1) (65.7) (58.6) (28.5) (83.2) (60.7) (34.7) (105.1) (66.8) (39.1) 47.4 (117.6) (79.8) (37.5) Administration Depreciation & Amortization EBIT 62.4 39.9 37.7 68.8 Interest Income (Expense) (33.8) (32.9) (33.9) (36.1) (41.3) Pretax Income 28.6 7.0 3.8 11.3 27.5 Income Tax (10.0) (2.5) (1.3) (4.0) (9.6) Net Income 18.6 4.5 2.5 7.3 17.9 Shares Outstanding (millions) Earnings per Share 56.8 56.8 56.8 56.8 56.8 $0.33 $0.08 $0.04 $0.13 $0.32 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 50.7 76.2 86.0 71.9 76.5 Accounts Receivable 87.5 70.5 70.9 76.1 86.8 Inventory 32.2 30.5 28.1 33.7 35.9 Total Current Assets 170.4 177.2 185.0 181.7 199.2 Net Property, Plant & Equipment Goodwill & Intangibles 246.1 239.8 305.8 350.2 347.2 362.4 362.4 362.4 362.4 362.4 Total Assets 778.9 779.4 853.2 894.3 908.8 Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation 18.2 19.3 23.2 25.7 33.1 5.9 7.3 6.4 8.9 9.6 Total Current Liabilities 24.1 26.6 29.6 34.6 42.7 Long-Term Debt 504.4 504.4 581.1 606.8 606.8 Total Liabilities 528.5 531.0 610.7 641.4 649.5 Stockholders' Equity 250.4 248.4 242.5 252.9 259.3 Total Liabilities & Stockholders' Equity 778.9 779.4 853.2 894.3 908.8 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 18.6 4.5 2.5 7.3 17.9 Depreciation & Amortization Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations 29.1 28.5 34.7 39.1 37.5 (10.7) (2.2) 3.9 17.0 - 0.4 (5.2) (5.6) (2.9) 1.7 2.4 2.2 2.5 3.0 5.0 8.1 50.9 54.2 42.2 40.6 50.6 (104.2) (104.2) (4.9) Capital Expenditures (24.5) (24.5) (4.9) (23.8) (23.8) (4.9) (75.5) (75.5) (4.9) (38.7) (38.7) (7.3) Cash from Investing Activ. Dividends Paid Sale (or Purchase) of Stock Debt Issuance (Pay Down) 76.7 25.7 Cash from Financing Activ. Change in Cash Mydeco Stock Price (4.9) (4.9) 71.8 20.8 (7.3) 21.5 25.5 9.8 (14.1) 4.6 $7.91 $3.69 $6.23 $9.64 $9.24
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