See Table below 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?

Income Statement	2015	2016	2017	2018	2019
Revenue	404.2	366.8	424.8	513.1	604.5
Cost of Goods Sold	(184.6)	(171.6)	(206.9)	(243.3)	(296.2)
Gross Profit	219.6	195.2	217.9	269.8	308.3
Sales and Marketing	(66.2)	(64.5)	(82.0)	(104.3)	(121.1)
Administration	(61.3)	(60.9)	(57.6)	(68.4)	(78.1)
Depreciation & Amortization	(28.0)	(25.5)	(33.4)	(40.1)	(37.2)
EBIT	64.1	44.3	44.9	57	71.9
Interest Income (Expense)	(35.2)	(33.6)	(30.9)	(36.9)	(41.1)
Pretax Income	28.9	10.7	14	20.1	30.8
Income Tax	(10.1)	(3.7)	(4.9)	(7.0)	(10.8)
Net Income	18.8	7	9.1	13.1	20
Shares Outstanding (millions)	56.4	56.4	56.4	56.4	56.4
Earnings per Share	$0.33	$0.12	$0.16	$0.23	$0.35
Balance Sheet	2015	2016	2017	2018	2019
Assets
Cash	50.5	70.6	85.2	82.1	77.8
Accounts Receivable	86.6	70.2	70.3	75.3	87.9
Inventory	35.2	32.9	28.6	30.3	36.6
Total Current Assets	172.3	173.7	184.1	187.7	202.3
Net Property, Plant & Equip.	250.1	247.9	310.6	348.1	343.1
Goodwill & Intangibles	359.1	359.1	359.1	359.1	359.1
Total Assets	781.5	780.7	853.8	894.9	904.5
Liabilities & Stockholders' Equity
Accounts Payable	17.4	16.7	22.1	27.8	29.8
Accrued Compensation	5.8	6.8	6.6	7.3	10.2
Total Current Liabilities	23.2	23.5	28.7	35.1	40
Long-term Debt	504.7	504.7	578.6	604.4	604.4
Total Liabilities	527.9	528.2	607.3	639.5	644.4
Stockholders' Equity	253.6	252.5	246.5	255.4	260.1
Total Liabilities & Stockholders' Equity	781.5	780.7	853.8	894.9	904.5
Statement of Cash Flows	2015	2016	2017	2018	2019
Net Income	18.8	7	9.1	13.1	20
Depreciation & Amortization	28	25.5	33.4	40.1	37.2
Chg. in Accounts Receivable	3.9	16.4	-0.1	(5.0)	(12.6)
Chg. in Inventory	(2.9)	2.3	4.3	(1.7)	(6.3)
Chg. in Payables & Accrued Comp.	1.7	0.3	5.2	6.4	4.9
Cash from Operations	49.5	51.5	51.9	52.9	43.2
Capital Expenditures	(23.9)	(25.1)	(104.9)	(75.5)	(41.9)
Cash from Investing Activities	(23.9)	(25.1)	(104.9)	(75.5)	(41.9)
Dividends Paid	(6.3)	(6.3)	(6.3)	(6.3)	(5.6)
Sale (or purchase) of stock	-	-	-	-	-
Debt Issuance (Pay Down)	-	-	73.9	25.8	-
Cash from Financing Activities	(6.3)	-6.3	67.6	19.5	(5.6)
Change in Cash	19.3	20.1	14.6	(3.1)	(4.3)
Mydeco Stock Price	$7.82	$2.68	$4.66	$9.18	$10.29