See Table 2.5 E 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.) The accounts receivable days for 2019 is days. (Round to one decimal place.) b. How did Mydeco's inventory days change over this period? Inventory days for 2015 is days. (Round to one decimal place.) Inventory days for 2019 is days. (Round to one decimal place.) c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? (Select the best choice below.) Between 2015 and 2019, Mydeco's working capital management was by both accounts receivable days and inventory days. worsened improved c. Based on your analysis, has Mydeco improved its management of its working capital during this time period? (Select the best choice below.) Between 2015 and 2019, Mydeco's working capital management was by both accounts receivable days and inventory days. increasing reducing (Click on the following icon in order to copy its contents into a spreadsheet.) 2019 20152019 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 Revenue 401.9 367.9 422.6 513.6 Cost of Goods Sold (183.9) (174.6) (204.5) (249.3) Gross Profit 218.0 193.3 218.1 264.3 Sales and Marketing (68.4) (65.4) (83.0) (103.6) Administration (59.0) (60.9) (61.2) (66.4) Depreciation & Amortization (28.1) (28.8) (33.8) (40.0) EBIT 62.5 38.2 40.1 54.3 Interest Income (Expense) (33.3) (33.6) (31.2) (37.3) Pretax Income 29.2 4.6 8.9 17.0 Income Tax (10.2) (1.6) (3.1) (6.0) Net Income 19.0 3.0 5.8 11.0 Shares Outstanding (millions) 56.5 56.5 56.5 56.5 Earnings per Share $0.34 $0.05 $0.10 $0.19 Balance Sheet 2015 2016 2017 2018 Assets Cash 50.4 72.7 88.1 78.4 604.9 (292.4) 312.5 (122.2) (79.7) (36.8) 73.8 (41.2) 32.6 (11.4) 21.2 56.5 $0.38 2019 80.1 87.4 33.6 171.4 243.3 358.8 70.3 32.5 175.5 239.6 358.8 773.9 69.2 30.1 187.4 305.5 358.8 851.7 75.6 31.4 185.4 346.7 358.8 890.9 85.7 37.2 203.0 348.7 358.8 773.5 910.5 19.2 6.7 Accounts Receivable Inventory Total Current Assets Net Property, Plant & Equipment 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 Change in Accounts Receivable Change in Inventory Change in Pay. & Accrued Comp. Cash from Operations 17.9 6.1 24.0 500.2 524.2 249.3 773.5 2015 19.0 28.1 3.9 (2.9) 1.8 49.9 25.9 500.2 526.1 247.8 773.9 2016 3.0 28.8 17.1 1.1 23.2 7.5 30.7 573.6 604.3 247.4 851.7 2017 5.8 33.8 1.1 2.4 4.8 47.9 26.3 8.3 34.6 599.1 633.7 257.2 890.9 2018 11.0 40.0 (6.4) (1.3) 3.9 47.2 32.3 8.8 41.1 599.1 640.2 270.3 910.5 2019 21.2 36.8 (10.1) (5.8) 6.5 48.6 1.9 51.9 49.9 (26.8) (26.8) (5.6) 51.9 (24.0) (24.0) (5.6) 47.9 (100.3) (100.3) (5.6) 47.2 (76.8) (76.8) (5.6) 48.6 (40.7) (40.7) (6.2) 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 (5.6) 17.5 $7.77 (5.6) 22.3 $4.21 73.4 67.8 15.4 $6.18 25.5 19.9 (9.7) $8.33 (6.2) 1.7 $10.43