See Table 2.5

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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.)

Income Statement	2015	2016	2017	2018	2019
Revenue	402.9	362.2	425.4	507.3	602.4
Cost of Goods Sold	(185.9)	(173.8)	(204.8)	(249.5)	(292.2)
Gross Profit	217	188.4	220.6	257.8	310.2
Sales and Marketing	(68.6)	(67.0)	(81.8)	(97.1)	(119.5)
Administration	(60.9)	(57.3)	(61.3)	(65.5)	(78.3)
Depreciation & Amortization	(27.8)	(28.9)	(34.0)	(36.9)	(37.3)
EBIT	59.7	35.2	43.5	58.3	75.1
Interest Income (Expense)	(34.7)	(31.6)	(32.1)	(35.9)	(40.5)
Pretax Income	25	3.6	11.4	22.4	34.6
Income Tax	(8.8)	(1.3)	(4.0)	(7.8)	(12.1)
Net Income	16.2	2.3	7.4	14.6	22.5
Shares outstanding (millions)	53.8	53.8	53.8	53.8	53.8
Earnings per share	$0.30	$0.04	$0.14	$0.27	$0.42
Balance Sheet	2015	2016	2017	2018	2019
Assets
Cash	49.8	69.5	95.2	81.5	87.7
Accounts Receivable	88.1	70.4	68.1	77.3	86.6
Inventory	34.1	29.9	27.6	33.5	35.7
Total Current Assets	172	169.8	190.9	192.3	210
Net Property, Plant & Equip.	242.2	247.2	306.8	346.1	343.9
Goodwill & Intangibles	362.4	362.4	362.4	362.4	362.4
Total Assets	776.6	779.4	860.1	900.8	916.3
Liabilities & Stockholders' Equity
Accounts Payable	19.7	16.8	20.9	26.6	31.1
Accrued Compensation	6.2	5.6	7.9	7.5	8.9
Total Current Liabilities	25.9	22.4	28.8	34.1	40
Long-term Debt	495.1	495.1	570.3	594	594
Total Liabilities	521	517.5	599.1	628.1	634
Stockholders' Equity	255.6	261.9	261	272.7	282.3
Total Liabilities & Stockholders' Equity	776.6	779.4	860.1	900.8	916.3
Statement of Cash Flows	2015	2016	2017	2018	2019
Net Income	16.2	2.3	7.4	14.6	22.5
Depreciation & Amortization	27.8	28.9	34	36.9	37.3
Chg. in Accounts Receivable	3.9	17.7	2.3	(9.2)	(9.3)
Chg. in Inventory	(2.9)	4.2	2.3	(5.9)	(2.2)
Chg. in Pay. & Accrued Comp.	1.4	(3.5)	6.4	5.3	5.9
Cash from Operations	46.4	49.6	52.4	41.7	54.2
Capital Expenditures	(23.9)	(24.7)	(96.7)	(73.9)	(41.9)
Cash from Investing Activ.	(23.9)	(24.7)	(96.7)	(73.9)	(41.9)
Dividends Paid	(5.2)	(5.2)	(5.2)	(5.2)	(6.1)
Sale (or purchase) of stock	-	-	-	-	-
Debt Issuance (Pay Down)	-	-	75.2	23.7	-
Cash from Financing Activ.	(5.2)	(5.2)	70	18.5	(6.1)
Change in Cash	17.3	19.7	25.7	(13.7)	6.2
Mydeco Stock Price	$7.78	$2.59	$5.62	$8.49	$12.83

Question content area bottom

Part 1

a. How did Mydeco's accounts receivable days change over this period?

The accounts receivable days for

2015

is

enter your response here

days. (Round to one decimal place.)