Question: 2014-2018 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2014 2015

 2014-2018 Financial Statement Data and Stock Price Data for Mydeco Corp.
(All data as of fiscal year end; in $ millions) Income Statement

2014-2018 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2014 2015 2016 2017 Revenue 407.7 362.1 427.3 506.9 Cost of Goods Sold (190.1) (172.1) (208.9) (245.4) Gross Profit 217.6 190.0 218.4 261.5 Sales and Marketing (68.0) (67.7) (80.9) (100.6) Administration (58.6) (59.0) (59.8) (67.0) Depreciation & Amortization (26.5) (27.8) (32.6) (39.6) EBIT 64.5 35.5 45.1 54.3 Interest Income (Expense) (34.4) (33.2) (33.4) (38.5) Pretax Income 30.1 2.3 11.7 15.8 Income Tax (10.5) (0.8) (4.1) (5.5) Net Income 19.6 1.5 7.6 10.3 Shares Outstanding (millions) 55 55 55 55 Eamings per Share $0.36 $0.03 $0.14 $0.19 Balance Sheet 2014 2015 2016 2017 Assets Cash 49.3 71.1 81.4 69.7 Accounts Receivable 89.6 69.8 71.7 74.9 Inventory 35.1 29.2 29.9 33.3 Total Current Assets 174.0 170.1 183.0 177.9 Net Property, Plant & Equipment 244.4 246.1 305.5 348.9 Goodwill & Intangibles 363.4 363.4 363.4 363.4 Total Assets 781.8 779,6 851.9 890.2 Liabilities & Stockholders' Equity 2018 608.1 (288.5) 319.6 (119.8) (77.6) (38.9) 83.3 (41.2) 42.1 (14.7) 27.4 55 $0.50 2018 89.8 84.1 33.3 207.2 351.9 363.4 9225 Consider the financial statement data and stock price data for Mydeco Corp. Click the icon to view the financial statement and stock price data. a. By what percentage did Mydeco's revenues grow each year from 2015 to 2018? 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 2015 to 2018? The revenues growth for year 2015 is %. (Round to two decimal places.)

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