See Table 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 404.8 364.6 421.9 508.7 602.4 Cost of Goods Sold (184.4) (174.0) (202.4) (241.8) (289.0) Gross Profit 220.4 190.6 219.5 266.9 313.4 Sales and Marketing (65.8) (64.7) (81.2) (99.2) (121.9) Administration (60.7) (57.6) (61.2) (65.0) (76.7) Depreciation & Amortization (28.7) (26.2) (32.3) (39.9) (38.9) EBIT 65.2 42.1 44.8 62.8 75.9 Interest Income (Expense) (35.5) (31.5) (32.3) (35.6) (40.4) Pretax Income 29.7 10.6 12.5 27.2 35.5 Income Tax (10.4) (3.7) (4.4) (9.5) (12.4) Net Income 19.3 6.9 8.1 17.7 23.1 Shares outstanding (millions) 55.7 55.7 55.7 55.7 55.7 Earnings per share $0.35 $0.12 $0.15 $0.32 $0.41 Balance Sheet 2015 2016 2017 2018 2019 Assets Cash 49.1 70.2 94.2 91.3 103.9 Accounts Receivable 89.4 69.9 71.8 77.5 84.9 Inventory 32.7 32.6 27.9 31.8 33.5 Total Current Assets 171.2 172.7 193.9 200.6 222.3 Net Property, Plant & Equip. 245.4 247.8 306.1 341.7 345.4 Goodwill & Intangibles 361.2 361.2 361.2 361.2 361.2 Total Assets 777.8 781.7 861.2 903.5 928.9 Liabilities & Stockholders' Equity Accounts Payable 17.1 16.2 23.5 27.6 31.1 Accrued Compensation 7.1 5.8 6.9 7.5 10.6 Total Current Liabilities 24.2 22.0 30.4 35.1 41.7 Long-term Debt 497.1 497.1 573.6 598.3 598.3 Total Liabilities 521.3 519.1 604.0 633.4 640.0 Stockholders' Equity 256.5 262.6 257.2 270.1 288.9 Total Liabilities & Stockholders' Equity 777.8 781.7 861.2 903.5 928.9 Statement of Cash Flows 2015 2016 2017 2018 2019 Net Income 19.3 6.9 8.1 17.7 23.1 Depreciation & Amortization 28.7 26.2 32.3 39.9 38.9 Chg. in Accounts Receivable 3.9 19.5 -1.9 (5.7) (7.4) Chg. in Inventory (2.9) 0.1 4.7 (3.9) (1.7) Chg. in Pay. & Accrued Comp. 1.9 (2.2) 8.4 4.7 6.6 Cash from Operations 50.9 50.5 51.6 52.7 59.5 Capital Expenditures (27.0) (23.9) (98.6) (74.8) (39.8) Cash from Investing Activ. (27.0) (23.9) (98.6) (74.8) (39.8) Dividends Paid (5.5) (5.5) (5.5) (5.5) (7.1) Sale (or purchase) of stock - - - - - Debt Issuance (Pay Down) - - 76.5 24.7 - Cash from Financing Activ. (5.5) (5.5) 71.0 19.2 (7.1) Change in Cash 18.4 21.1 24.0 (2.9) 12.6 Mydeco Stock Price $7.11 $3.14 $6.24 $9.21 $9.35