See Table 2.5 E showing financial statement data and stock price data for Mydeco Corp. a. By what percentage did Mydeco's revenues grow each year from 2016-2019? 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 2016-2019? The revenues growth for year 2016 is %. (Round to two decimal places.) The revenues growth for year 2017 is %. (Round to two decimal places.) The revenues growth for year 2018 is %. (Round to two decimal places.) The revenues growth for year 2019 is %. (Round to two decimal places.) b. By what percentage did net income grow each year? The net income growth for year 2016 is %. (Round to two decimal places.) The net income growth for year 2017 is %. (Round to two decimal places.) The net income growth for year 2018 is %. (Round to two decimal places.) The net income growth for year 2019 is %. (Round to two decimal places.) c. Why might the growth rates of revenues and net income differ? (Select from the drop-down menus.) Net income growth rate differs from revenue growth rate because cost of goods sold and other expenses can move at different rates than revenues. For example, revenues in 2016 by 9.44%, however, cost of goods sold V by 5.46%. (289.6) 2015 2016 2017 2018 2019 403.6 365.5) 423.7 509.1 599.1 (186.7) (176.5) (206.9) (242.2) 216.9 189 216.8 266.9 309.5 (65.1) (68.3) (82.0) (104.8) (116.1) (61.4) (60.7) (60.8) (66.3) (76.6) (26.2) (25.3) (34.3) (39.1) (38.2) 64.2 34.7 39.7 56.7 78.6 (33.6) (33.1) (31.7) (36.3) (39.3) 30.6 1.6 8 20.4 39.3 (7.7) (0.4) (2.0) (5.1) 19.8) 22.9 1.2 6 15.3 29.5 56.5 56.5 56.5 56.5 56.5 $0.41 $0.02 $0.11 $0.27 $0.52 2015 2016 2017 2018 2019 79.7 95.5 86.9 33.6 50.2 90.5 34.7 175.4 244.3 363.5 783.21 70.2 68.9 31.7 170.8 239.5 363.5 773.8 83.9 69.4 28.8 182.1 313.9 363.5 859.5 77.1 32.9 189.7 341.7 363.5 894.91 216 350.8 363.5 930.3 Income Statement Revenue Cost of Goods Sold Gross Profit Sales and Marketing Administration Depreciation & Amortization EBIT Interest Income (Expense) Pretax Income Income Tax Net Income Shares Outstanding (millions) Earnings per Share Balance Sheet Assets Cash Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equip. Goodwill & Intangibles Total Assets Liabilities & Stockholders' Equity Accounts Payable Accrued Compensation Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Liabilities & Stockholders' Equity Statement of Cash Flows Net Income Depreciation & Amortization Chg. in Accounts Receivable Chg. in Inventory Chg. in Pay. & Accrued Comp. Cash from Operations Capital Expenditures Cash from Investing Activ. Dividends Paid Sale (or purchase) of stock Debt Issuance (Pay Down) Cash from Financing Activ. Change in Cash Mydeco Stock Price 32.1 18.1 19.3 22.5 27.4 7.3 5.7 6.5 7.3 8.9 25.41 25 29 34.7 41 496.5 496.5 569.8 596.7 596.7 521.9 521.5 598.8 631.4 637.7 261.3 252.3 260.7 263.5 292.6 783.2 773.8 859.5 894.9 930.3 2015 2016 2017 2018 2019 22.9 1.2 6 15.3 29.5 26.2 25.3 34.3 39.11 38.2 3.91 21.6 -0.5 (7.7) (9.8) (2.9) 31 2.9 (4.1) (0.7) 3.1 (0.4) 4 5.7 6.3 53.2 50.7 46.7 48.3 63.5 (24.6) (24.5) (100.1) (73.2) (41.4) (24.6) (24.5) (100.1) (73.2) (41.4) (6.2) (6.2) (6.2) (6.2) (6.3) (6.2) (6.2) 22.4 $3.88 73.3 67.1 13.7|(4.2) $8.63 26.91 20.7|(6.3) 15.8 $12.51 20 $6.05 $7.11