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showing financial statement data and stock price data for Mydeco Corp.a. By what percentage did Mydeco's revenues grow each year from

2016

to

2019?

b. By what percentage did net income grow each year?

c. Why might the growth rates of revenues and net income differ?

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Part 1

a. By what percentage did Mydeco's revenues grow each year from

2016

to

2019?

Part 2

The revenues growth for year

2016

is

enter your response here%.

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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	2019
Revenue	404.3	363.8	424.6	510.7	604.1
Cost of Goods Sold	(188.3)	(173.8)	(206.2)	(246.8)	(293.4)
Gross Profit	216.0	190.0	218.4	263.9	310.7
Sales and Marketing	(66.7)	(66.4)	(82.8)	(102.1)	(120.8)
Administration	(60.6)	(59.1)	(59.4)	(66.4)	(78.5)
Depreciation & Amortization	(27.3)	(27.0)	(34.3)	(38.4)	(38.6)
EBIT	61.4	37.5	41.9	57.0	72.8
Interest Income (Expense)	(33.7)	(32.9)	(32.2)	(37.4)	(39.4)
Pretax Income	27.7	4.6	9.7	19.6	33.4
Income Tax	(9.7)	(1.6)	(3.4)	(6.9)	(11.7)
Net Income	18.0	3.0	6.3	12.7	21.7
Shares Outstanding (millions)	55	55	55	55	55
Earnings per Share	$0.33	$0.05	$0.11	$0.23	$0.39
Balance Sheet	2015	2016	2017	2018	2019
Assets
Cash	48.8	68.9	86.3	77.5	85.0
Accounts Receivable	88.6	69.8	69.8	76.9	86.1
Inventory	33.7	30.9	28.4	31.7	35.3
Total Current Assets	171.1	169.6	184.5	186.1	206.4
Net Property, Plant & Equipment	245.3	243.3	309.0	345.6	347.0
Goodwill & Intangibles	361.7	361.7	361.7	361.7	361.7
Total Assets	778.1	774.6	855.2	893.4	915.1
Liabilities & Stockholders' Equity
Accounts Payable	18.7	17.9	22.0	26.8	31.7
Accrued Compensation	6.7	6.4	7.0	8.1	9.7
Total Current Liabilities	25.4	24.3	29.0	34.9	41.4
Long-Term Debt	500.0	500.0	575.0	600.0	600.0
Total Liabilities	525.4	524.3	604.0	634.9	641.4
Stockholders' Equity	252.7	250.3	251.2	258.5	273.7
Total Liabilities & Stockholders' Equity	778.1	774.6	855.2	893.4	915.1
Statement of Cash Flows	2015	2016	2017	2018	2019
Net Income	18.0	3.0	6.3	12.7	21.7
Depreciation & Amortization	27.3	27.0	34.3	38.4	38.6
Change in Accounts Receivable	3.9	18.8	0.0	(7.1)	(9.2)
Change in Inventory	(2.9)	2.8	2.5	(3.3)	(3.6)
Change in Pay. & Accrued Comp.	2.2	(1.1)	4.7	5.9	6.5
Cash from Operations	48.5	50.5	47.8	46.6	54.0
Capital Expenditures	(25.0)	(25.0)	(100.0)	(75.0)	(40.0)
Cash from Investing Activ.	(25.0)	(25.0)	(100.0)	(75.0)	(40.0)
Dividends Paid	(5.4)	(5.4)	(5.4)	(5.4)	(6.5)
Sale (or Purchase) of Stock	-	-	-	-	-
Debt Issuance (Pay Down)	-	-	75.0	25.0	-
Cash from Financing Activ.	(5.4)	(5.4)	69.6	19.6	(6.5)
Change in Cash	18.1	20.1	17.4	(8.8)	7.5
Mydeco Stock Price	$7.92	$3.30	$5.25	$8.71	$10.89