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By what percentage did Mydeco’s revenues grow each year from 2013 to 2016?

By what percentage did Mydeco’s revenues grow each year from 2013 to 2016?

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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a. By what percentage did Mydeco’s revenues grow each year from 2013 to 2016? *Use the Data Table*
Data table 2012-2016 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2013 Income Statement 2012 2014 2015 2016 404.3 363.8 424.6 510.7 604.1 Revenue (206.2) 218.4 (293.4) (246.8) 263.9 Cost of Goods Sold (188.3) (173.8) Gross Profit 216.0 190.0 310.7 (66.7) (60.6) (27.3) (66.4) (59.1) (27.0) (82.8) (59.4) (34.3) (102.1) (66.4) (38.4) (120.8) (78.5) (38.6) Sales and Marketing Administration Depreciation & Amortization EBIT 61.4 37.5 41.9 57.0 72.8 (37.4) (39.4) (33.7) 27.7 (32.2) 9.7 Interest Income (Expense) (32.9) 4.6 19.6 33.4 Pretax Income (1.2) (2.4) (4.9) (8.4) (6.9) 20.8 Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet 3.4 7.3 14.7 25.0 55 55 55 55 55 $0.13 $0.27 $0.45 $0.06 2013 $0.38 2012 2014 2015 2016 Assets 48.8 69.3 87.7 80.9 91.7 Cash 88.6 69.8 69.8 76.9 86.1 Accounts Receivable 33.7 30.9 28.4 31.7 35.3 Inventory Total Current Assets 213.1 347.0 171.1 170.0 185.9 189.5 243.3 309.0 345.6 Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities 245.3 361.7 361.7 361.7 361.7 361.7 778.1 775.0 856.6 896.8 921.8 18.7 17.9 22.0 26.8 31.7 6.7 6.4 7.0 8.1 9.7 25.4 24.3 29.0 34.9 41.4 500.0 500.0 575.0 600.0 600.0 Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows 524.3 604.0 634.9 641.4 525.4 252.7 250.7 252.6 261.9 280.4 778.1 775.0 856.6 896.8 921.8 2013 2014 2015 2016 2012 20.8 3.4 7.3 14.7 25.0 Net Income 34.3 38.4 38.6 27.3 27.0 Depreciation & Amortization Change in Accounts Receivable (7.1) (3.3) (9.2) (3.6) 6.5 3.9 18.8 0.0 2.8 2.5 (2.9) 2.2 Change in Inventory Change in Pay. & Accrued Comp Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid 5.9 (1.1) 50.9 4.7 48.8 48.6 57.3 51.3 (40.0) (40.0) (6.5) (75.0) (25.0) (25.0) (5.4) (25.0) (100.0) (25.0) (5.4) (100.0) (5.4) (75.0) (5.4) Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 25.0 75.0 69.6 (6.5) 10.8 19.6 (5.4) 20.9 (5.4) 20.5 $3.30 (6.8) $8.71 18.4 $5.25 $10.89 $7.92 Print Done
Transcribed Image Text:Data table 2012-2016 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) 2013 Income Statement 2012 2014 2015 2016 404.3 363.8 424.6 510.7 604.1 Revenue (206.2) 218.4 (293.4) (246.8) 263.9 Cost of Goods Sold (188.3) (173.8) Gross Profit 216.0 190.0 310.7 (66.7) (60.6) (27.3) (66.4) (59.1) (27.0) (82.8) (59.4) (34.3) (102.1) (66.4) (38.4) (120.8) (78.5) (38.6) Sales and Marketing Administration Depreciation & Amortization EBIT 61.4 37.5 41.9 57.0 72.8 (37.4) (39.4) (33.7) 27.7 (32.2) 9.7 Interest Income (Expense) (32.9) 4.6 19.6 33.4 Pretax Income (1.2) (2.4) (4.9) (8.4) (6.9) 20.8 Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet 3.4 7.3 14.7 25.0 55 55 55 55 55 $0.13 $0.27 $0.45 $0.06 2013 $0.38 2012 2014 2015 2016 Assets 48.8 69.3 87.7 80.9 91.7 Cash 88.6 69.8 69.8 76.9 86.1 Accounts Receivable 33.7 30.9 28.4 31.7 35.3 Inventory Total Current Assets 213.1 347.0 171.1 170.0 185.9 189.5 243.3 309.0 345.6 Net Property, Plant & Equipment Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities 245.3 361.7 361.7 361.7 361.7 361.7 778.1 775.0 856.6 896.8 921.8 18.7 17.9 22.0 26.8 31.7 6.7 6.4 7.0 8.1 9.7 25.4 24.3 29.0 34.9 41.4 500.0 500.0 575.0 600.0 600.0 Long-Term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows 524.3 604.0 634.9 641.4 525.4 252.7 250.7 252.6 261.9 280.4 778.1 775.0 856.6 896.8 921.8 2013 2014 2015 2016 2012 20.8 3.4 7.3 14.7 25.0 Net Income 34.3 38.4 38.6 27.3 27.0 Depreciation & Amortization Change in Accounts Receivable (7.1) (3.3) (9.2) (3.6) 6.5 3.9 18.8 0.0 2.8 2.5 (2.9) 2.2 Change in Inventory Change in Pay. & Accrued Comp Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid 5.9 (1.1) 50.9 4.7 48.8 48.6 57.3 51.3 (40.0) (40.0) (6.5) (75.0) (25.0) (25.0) (5.4) (25.0) (100.0) (25.0) (5.4) (100.0) (5.4) (75.0) (5.4) Sale (or Purchase) of Stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 25.0 75.0 69.6 (6.5) 10.8 19.6 (5.4) 20.9 (5.4) 20.5 $3.30 (6.8) $8.71 18.4 $5.25 $10.89 $7.92 Print Done
a. By what percentage did Mydeco's revenues grow each year from 2013 to 2016? The revenues growth for year 2013 is %. (Round to two decimal places.) The revenues growth for year 2014 is %. (Round to two decimal places.) The revenues growth for year 2015 is %. (Round to two decimal places.) The revenues growth for year 2016 is %. (Round to two decimal places.)
Transcribed Image Text:a. By what percentage did Mydeco's revenues grow each year from 2013 to 2016? The revenues growth for year 2013 is %. (Round to two decimal places.) The revenues growth for year 2014 is %. (Round to two decimal places.) The revenues growth for year 2015 is %. (Round to two decimal places.) The revenues growth for year 2016 is %. (Round to two decimal places.)
Expert Solution
Step 1

Revenue:

Revenue is the money a firm receives from its normal business operations. Another name of revenue is sales, and revenue can be made either in cash or credit.

Revenue/Sales is the top-line item in the income statement.

 

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