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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.)

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

The accounts receivable days for

20122012

is

nothing

days. (Round to one decimal place.)

Income Statement	2012	2013	2014	2015	2016
Revenue	405.6	367.5	419.7	509.2	607.8
Cost of Goods Sold	(190.6)	(176.6)	(207.2)	(251.5)	(297.1)
Gross Profit	215	190.9	212.5	257.7	310.7
Sales and Marketing	(68.3)	(67.5)	(83.6)	(98.5)	(120.3)
Administration	(59.2)	(61.0)	(59.2)	(68.4)	(77.4)
Depreciation & Amortization	(25.4)	(27.0)	(35.1)	(38.3)	(39.0)
EBIT	62.1	35.4	34.6	52.5	74
Interest Income (Expense)	(32.7)	(32.4)	(31.7)	(36.3)	(37.8)
Pretax Income	29.4	3	2.9	16.2	36.2
Income Tax	(10.3)	(1.1)	(1.0)	(5.7)	(12.7)
Net Income	19.1	1.9	1.9	10.5	23.5
Shares outstanding (millions)	54.9	54.9	54.9	54.9	54.9
Earnings per share	$0.35	$0.03	$0.03	$0.19	$0.43
Balance Sheet	2012	2013	2014	2015	2016
Assets
Cash	49.1	69.1	77.1	66.5	77.9
Accounts Receivable	87.4	68.6	71.7	76.9	84.5
Inventory	33.5	30.5	27.3	32.7	35.4
Total Current Assets	170	168.2	176.1	176.1	197.8
Net Property, Plant & Equip.	241.9	239.9	313.9	341.1	343.8
Goodwill & Intangibles	364.5	364.5	364.5	364.5	364.5
Total Assets	776.4	772.6	854.5	881.7	906.1
Liabilities & Stockholders' Equity
Accounts Payable	16.9	16.2	21.7	25.7	30.4
Accrued Compensation	5.8	5.7	6.3	8.7	9.8
Total Current Liabilities	22.7	21.9	28	34.4	40.2
Long-term Debt	504.3	504.3	578.1	602.9	602.9
Total Liabilities	527	526.2	606.1	637.3	643.1
Stockholders' Equity	249.4	246.4	248.4	244.4	263
Total Liabilities & Stockholders' Equity	776.4	772.6	854.5	881.7	906.1
Statement of Cash Flows	2012	2013	2014	2015	2016
Net Income	19.1	1.9	1.9	10.5	23.5
Depreciation & Amortization	25.4	27	35.1	38.3	39
Chg. in Accounts Receivable	3.9	18.8	-3.1	(5.2)	(7.6)
Chg. in Inventory	(2.9)	3	3.2	(5.4)	(2.7)
Chg. in Pay. & Accrued Comp.	1.7	(0.8)	6.1	6.4	5.8
Cash from Operations	47.2	49.9	43.2	44.6	58
Capital Expenditures	(26.6)	(24.8)	(103.9)	(74.9)	(39.6)
Cash from Investing Activ.	(26.6)	(24.8)	(103.9)	(74.9)	(39.6)
Dividends Paid	(5.1)	(5.1)	(5.1)	(5.1)	(7.0)
Sale (or purchase) of stock	-	-	-	-	-
Debt Issuance (Pay Down)	-	-	73.8	24.8	-
Cash from Financing Activ.	(5.1)	(5.1)	68.7	19.7	(7.0)
Change in Cash	15.5	20	8	(10.6)	11.4
Mydeco Stock Price	$8.24	$4.05	$5.74	$7.96	$10.88