Question: See Table 2.5 E showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco's costs and expenses had been the same fraction

See Table 2.5 E showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco's costs and expenses had been the

See Table 2.5 E showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco's costs and expenses had been the same fraction of revenues in 2016-2019 as they were in 2015. What would Mydeco's EPS have been each year in this case? Calculate the new EPS for 2016-2019 below: (Round dollar amounts and number of shares to one decimal place. Round percentage amount and the EPS to two decimal places.) Year 2016 2017 2018 2019 Revenue (millions) $ 367.8 $ 429.5 $ 509.9 $ 599.8 Net Profit Margin 5.73 % 5.73 % 5.73 % 5.73 % $ $ $ $ New Net Income (millions) Shares Outstanding (millions) New EPS $ $ $ $ 2019 599.8 (294.4) 305.4 (124.0) (78.4) (37.4) 65.6 (37.6) 28.0 (9.8) 182 54.7 $0.33 2019 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in 5 millions) Income Statement 2015 2016 2017 2018 Revenue 406.8 367.8 429.5 509.9 Cost of Goods Sold (185.4) (172.5) (201.4) (247.8) Gross Profit 221.4 195.3 228.1 262.1 Sales and Marketing (66.9) (64.8) (82.5) (99.6) Administration (61.4) (60.3) (57.8) (65.8) Depreciation & Amortization (272) (25.3) (33.3) (36.9) EBIT 65.9 44.9 54.5 59.8 Interest Income (Expense) (33.4) (33.2) (33.9) (38.5) Pretax Income 32.5 11.7 20.6 21.3 Income Tax (11.4) (4.1) (72) (7.5) Net Income 21.1 7.6 13.4 13.8 Shares Outstanding (millions) 54.7 54.7 54.7 54.7 Earnings per Share S0.39 $0.14 $0.24 $0.25 Balance Sheet 2015 2016 2017 2018 Assets Cash 47.4 74.4 96.6 88.0 Accounts Receivable 89.3 69.3 71.3 75.7 Inventory 33.7 30.4 26.7 33.4 Total Current Assets 170.4 174.1 194.6 197.1 Net Property, Plant & Equipment 248.7 245.4 306.6 343.5 Goodwill & Intangibles 362.2 362.2 362.2 3622 Total Assets 781.3 781.7 863.4 902.8 Liabilities & Stockholders' Equity Accounts Payable 16.8 17.9 20.9 26.1 Accrued Compensation 6.3 7.2 6.2 8.1 Total Current Liabilities 23.1 25.1 27.1 34.2 Long-Term Debt 500.9 500.9 577.7 601.1 Total Liabilities 524.0 526.0 604.8 635.3 Stockholders' Equity 257.3 255.7 258.6 267.5 Total Liabilities & Stockholders 781.3 781.7 863.4 902.8 Equity Statement of Cash Flows 2015 2016 2017 2018 Net Income 21.1 7.6 13.4 13.8 Depreciation & Amortization 272 25.3 33.3 36.9 Change in Accounts Receivable 3.9 20.0 -2.0 Change in Inventory (2.9) 3.3 3.7 (6.7) Change in Pay. & Accrued Comp 2.9 2.0 2.0 7.1 Cash from Operations 52.2 582 50.4 46.7 Capital Expenditures (25.1) (25.8) (99.6) (73.3) Cash from Investing Activ (25.1) (25.8) (99.6) (73.3) Dividends Paid (5.4) (5.4) (5.4) (5.4) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 76.8 23.4 Cash from Financing Activ. (5.4) (5.4) 71.4 18.0 Change in Cash 21.7 27.0 22.2 (8.6) Mydeco Stock Price $8.23 $3.96 $5.01 $9.28 90.1 87.6 33.6 211.3 343.6 362.2 917.1 31.5 8.9 40.4 601.1 641.5 275.6 917.1 2019 18.2 37.4 (11.9) (0.2) 6.2 49.7 (41.5) (41.5) (6.1) (6.1) 2.1 $11.85

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