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b) by what percentage did net income grow each year? c) for example, revenues (increased or declined) in 2013 by 10.02%, however, cost of goods sold (declined or increased) by 7.70%

b) by what percentage did net income grow each year? c) for example, revenues (increased or declined) in 2013 by 10.02%, however, cost of goods sold (declined or increased) by 7.70%

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
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b) by what percentage did net income grow each year? c) for example, revenues (increased or declined) in 2013 by 10.02%, however, cost of goods sold (declined or increased) by 7.70%
See Table 2.5 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? a. By what percentage did Mydeco's revenues grow each year from 2013 to 20167 The revenues growth for year 2013 is - 10.02 %. (Round to two decimal places.) The revenues growth for year 2014 is 16.71 %. (Round to two decimal places.) The revenues growth for year 2015 is 20.28 %. (Round to two decimal places.) The revenues growth for year 2016 is 18.29%. (Round to two decimal places.) b. By what percentage did net income grow each year The net income growth for year 2013 is %. (Round to two decimal places.) The net income growth for year 2014 is %. (Round to two decimal places.) The net income growth for year 2015 is %. (Round to two decimal places.) The net income growth for year 2016 is %. (Round to two decimal places.) c. Why might the growth rates of revenues and net income differ? (Select from the drop-down menus.) different rates than revenues. For example, revenues in 2013 by 10.02%, however, cost of goods sold V by 7.70%. Net income growth rate differs from revenue growth rate because cost of goods sold and other expenses can move
Transcribed Image Text:See Table 2.5 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? a. By what percentage did Mydeco's revenues grow each year from 2013 to 20167 The revenues growth for year 2013 is - 10.02 %. (Round to two decimal places.) The revenues growth for year 2014 is 16.71 %. (Round to two decimal places.) The revenues growth for year 2015 is 20.28 %. (Round to two decimal places.) The revenues growth for year 2016 is 18.29%. (Round to two decimal places.) b. By what percentage did net income grow each year The net income growth for year 2013 is %. (Round to two decimal places.) The net income growth for year 2014 is %. (Round to two decimal places.) The net income growth for year 2015 is %. (Round to two decimal places.) The net income growth for year 2016 is %. (Round to two decimal places.) c. Why might the growth rates of revenues and net income differ? (Select from the drop-down menus.) different rates than revenues. For example, revenues in 2013 by 10.02%, however, cost of goods sold V by 7.70%. Net income growth rate differs from revenue growth rate because cost of goods sold and other expenses can move
This test: 6 point(s) Data table 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 404.3 363.8 424.6 510.7 604.1 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) 263.9 (293.4) Gross Profit 216.0 190.0 218.4 310.7 Sales and Marketing (66.7) (60.6) (27.3) 61.4 (66.4) (59.1) (27.0) (82.8) (59.4) (34.3) (102.1) (66.4) (38.4) (120.8) (78.5) (38.6) Administration Depreciation & Amortization EBIT 37.5 41.9 57.0 72.8 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) (39.4) Pretax Income 27.7 4.6 9.7 19.6 33.4 Income Tax (6.9) (1.2) (2.4) (4.9) (8.4) Net Income 20.8 3.4 7.3 14.7 25.0 55 55 55 55 55 Shares Outstanding (millions) Earnings per Share $0.38 $0.06 $0.13 $0.27 $0.45 2012 2013 2014 2015 2016 Balance Sheet Assets 80.9 91.7 48.8 69.3 87.7 Cash 76.9 86.1 88.6 69.8 69.8 Accounts Receivable 35.3 30.9 28.4 31.7 33.7 Inventory 185.9 189.5 213.1 171.1 170.0 Total Current Assets
Transcribed Image Text:This test: 6 point(s) Data table 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 404.3 363.8 424.6 510.7 604.1 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) 263.9 (293.4) Gross Profit 216.0 190.0 218.4 310.7 Sales and Marketing (66.7) (60.6) (27.3) 61.4 (66.4) (59.1) (27.0) (82.8) (59.4) (34.3) (102.1) (66.4) (38.4) (120.8) (78.5) (38.6) Administration Depreciation & Amortization EBIT 37.5 41.9 57.0 72.8 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) (39.4) Pretax Income 27.7 4.6 9.7 19.6 33.4 Income Tax (6.9) (1.2) (2.4) (4.9) (8.4) Net Income 20.8 3.4 7.3 14.7 25.0 55 55 55 55 55 Shares Outstanding (millions) Earnings per Share $0.38 $0.06 $0.13 $0.27 $0.45 2012 2013 2014 2015 2016 Balance Sheet Assets 80.9 91.7 48.8 69.3 87.7 Cash 76.9 86.1 88.6 69.8 69.8 Accounts Receivable 35.3 30.9 28.4 31.7 33.7 Inventory 185.9 189.5 213.1 171.1 170.0 Total Current Assets
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