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See Table 2.5 5 showing financial statement data and stock price data for Mydeco Corp. a. How did Mydeco's accounts receivable days change over this period? b. How did Mydeco's inventory days change over this period? c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? (Note: Use a 365-day year.) a. How did Mydeco's accounts receivable days change over this period? The accounts receivable days for 2015 is days. (Round to one decimal place.) tv 892 872 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 405.1 366.7 420.6 512.9 608.2 Cost of Goods Sold (183.5) (177.4) (206.7) (249.9) (293.6) Gross Profit 221.6 189.3 213.9 263.0 314,6 Sales and Marketing (66.5) (66.3) (810) (105.6) (122.0) Administration (62.1) (58.5) (60.0) (67.0) (78.8) Depreciation & Amortization (25.9) (26.2) (34.4) (39.1) (36.9) EBIT 67.1 38.3 38.5 51.3 76.9 Interest Income (Expense) (33.7) (34.8) (30.5) (36.0) (39.8) Pretax Income 33.4 3.5 8.0 15.3 37.1 Income Tax (11.7) (1.2) (2.8) (5.4) (13.0) Net Income 21.7 2.3 5.2 9.9 24.1 Shares Outstanding (millions) 56.7 56.7 56.7 56.7 56.7 Eamings per Share $0.38 $0.04 $0.09 $0.17 $0.43 Balance Shoot 2015 2016 2017 2018 2019 Assets Cash 48.6 67.7 77.3 63.0 71.4 Accounts Receivable 68.3 70.3 76.8 Inventory 33.7 29.9 27.3 335 35.7 Total Current Assets 171.5 165.9 174.9 173.3 194.3 Net Property, Plant & Equipment 242.5 241.6 310.8 345.6 350.4 Goodwill & Intangibles 356.8 356.8 356.8 356.8 356.8 Total Assets 770.8 764.3 842.5 875.7 901.5 Liabilities & Stockholders' Equity Accounts Payable 19.7 17.7 21.8 25 2 31.3 Accrued Compensation 6.7 5.4 6.3 7.7 9.4 Total Current Liabilities 26.4 23.1 28.1 329 40.7 Long-Term Debt 502.8 502.8 576.9 602.1 802.1 Total Liabilities 529.2 525.9 605.0 635.0 842.8 Stockholders' Equity 241.6 238.4 237.5 240.7 258.7 Total Liabilities & Stockholders' Equity 770.8 764.3 842.5 875.7 901.5 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 21.7 2.3 5.2 9.9 24.1 Depreciation & Amortization 25.9 26.2 34.4 39.1 38.9 Change in Accounts Receivable 3.9 20.9 -2.0 3.5) (10.4) Change in Inventory (2.9) 3.8 2.6 (62) (22) Change in Pay & Accrued Comp 2.7 (33) 5.0 4.8 7.8 Cash from Operations 51.3 49.9 45.2 41.1 582 Capital Expenditures (25.5) (247) (103.6) Cash from Investing Activ (745) (419) (24.7) Dividends Paid (1036) (745) (41.9) (6.1) (6.1) (6.1) (6.1) (5.9) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 74.1 252 Cash from Financing Activ (6.1) 68.0 19.1 Change in Cash (5.9) 19.7 19.1 9.6 8.4 Mydeco Stock Price $8.61 $3.95 56.04 $7.95 $12.48 (25.5) (6.1)