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	403.7	360.3	421.8	515.3	606.8
Cost of Goods Sold	(190.5)	(174.3)	(208.1)	(247.6)	(294.0)
Gross Profit	213.2	186	213.7	267.7	312.8
Sales and Marketing	(65.1)	(64.8)	(84.0)	(100.5)	(116.3)
Administration	(61.2)	(60.1)	(59.3)	(67.7)	(77.4)
Depreciation & Amortization	(25.3)	(26.5)	(35.6)	(40.3)	(39.8)
EBIT	61.6	34.6	34.8	59.2	79.3
Interest Income (Expense)	(32.0)	(31.5)	(30.5)	(36.9)	(37.5)
Pretax Income	29.6	3.1	4.3	22.3	41.8
Income Tax	(10.4)	(1.1)	(1.5)	(7.8)	(14.6)
Net Income	19.2	2	2.8	14.5	27.2
Shares outstanding (millions)	56.6	56.6	56.6	56.6	56.6
Earnings per share	$0.34	$0.04	$0.05	$0.26	$0.48
Balance Sheet	2015	2016	2017	2018	2019
Assets
Cash	50.7	65.9	76.7	73.8	91
Accounts Receivable	88.1	70.2	71.6	77.7	84.6
Inventory	33.1	32.7	27.6	31.8	35.2
Total Current Assets	171.9	168.8	175.9	183.3	210.8
Net Property, Plant & Equip.	245.7	238.7	311.5	341.9	344.9
Goodwill & Intangibles	359.9	359.9	359.9	359.9	359.9
Total Assets	777.5	767.4	847.3	885.1	915.6
Liabilities & Stockholders' Equity
Accounts Payable	20.7	18.4	20.4	28.7	33.6
Accrued Compensation	6.6	6.7	7.3	7.9	9.5
Total Current Liabilities	27.3	25.1	27.7	36.6	43.1
Long-term Debt	502.4	502.4	579.1	604.8	604.8
Total Liabilities	529.7	527.5	606.8	641.4	647.9
Stockholders' Equity	247.8	239.9	240.5	243.7	267.7
Total Liabilities & Stockholders' Equity	777.5	767.4	847.3	885.1	915.6
Statement of Cash Flows	2015	2016	2017	2018	2019
Net Income	19.2	2	2.8	14.5	27.2
Depreciation & Amortization	25.3	26.5	35.6	40.3	39.8
Chg. in Accounts Receivable	3.9	17.9	-1.4	(6.1)	(6.9)
Chg. in Inventory	(2.9)	0.4	5.1	(4.2)	(3.4)
Chg. in Pay. & Accrued Comp.	2.4	(2.2)	2.6	8.9	6.5
Cash from Operations	47.9	44.6	44.7	53.4	63.2
Capital Expenditures	(26.2)	(23.7)	(104.9)	(76.3)	(40.4)
Cash from Investing Activ.	(26.2)	(23.7)	(104.9)	(76.3)	(40.4)
Dividends Paid	(5.7)	(5.7)	(5.7)	(5.7)	(5.6)
Sale (or purchase) of stock	-	-	-	-	-
Debt Issuance (Pay Down)	-	-	76.7	25.7	-
Cash from Financing Activ.	(5.7)	(5.7)	71	20	(5.6)
Change in Cash	16	15.2	10.8	(2.9)	17.2
Mydeco Stock Price	$8.54	$3.01	$4.49	$9.04	$9.17