This paper circulates around the core theme of How did Mydeco’s accounts receivable days change over this period? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
TABLE 2.5 2009–2013
Financial Statement Data and Stock Price Data for Mydeco Corp.
|
Mydeco Corp. 2009–2013
|
(All data as of fiscal year end; in $ million)
|
|
Income
Statement
|
2009
|
2010
|
2011
|
2012
|
2013
|
|
Revenue
Cost of Goods Sold
|
404.3
(188.3)
|
363.8
(173.8)
|
424.6
(206.2)
|
510.7
(246.8)
|
604.1
(293.4)
|
|
Gross Profit
Sales and Marketing
Administration
Depreciation and
Amortization
|
216.0
(66.7)
(60.6)
(27.3)
|
190.0
(66.4)
(59.1)
(27.0)
|
218.4
(82.8)
(59.4)
(34.3)
|
263.9
(102.1)
(66.4)
(38.4)
|
310.7
(120.8)
(78.5)
(38.6)
|
|
EBIT
Interest Income (Expense)
|
61.4
(33.7)
|
37.5
(32.9)
|
41.9
(32.2)
|
57.0
(37.4)
|
72.8
(39.4)
|
|
Pretax Income
Income Tax
|
27.7
(9.7)
|
4.6
(1.6)
|
9.7
(3.4)
|
19.6
(6.9)
|
33.4
(11.7)
|
|
Net Income
Shares outstanding (millions)
Earnings per share
|
18.0
55.0
$0.33
|
3.0
55.0
$0.05
|
6.3
55.0
$0.11
|
12.7
55.0
$0.23
|
21.7
55.0
$0.39
|
|
Balance
Sheet
|
2009
|
2010
|
2011
|
2012
|
2013
|
|
Assets
Cash
Accounts Receivable
Inventory
|
48.8
88.6
33.7
|
68.9
69.8
30.9
|
86.3
69.8
28.4
|
77.5
76.9
31.7
|
85.0
86.1
35.3
|
|
Total
Current Assets
Net Property, Plant, and
Equip.
Goodwill and Intangibles
|
171.1
245.3
361.7
|
169.6
169.6
243.3
|
184.5
309
361.7
|
186.1
345.6
361.7
|
206.4
347.0
361.7
|
|
Total
Assets
Liabilities
and Stockholders’ Equity
Accounts Payable
Accrued Compensation
|
778.1
18.7
6.7
|
774.6
17.9
6.4
|
855.2
22.0
7.0
|
893.4
26.8
8.1
|
915.1
31.7
9.7
|
|
Total
Current Liabilities
Long-term Debt
|
25.4
500.0
|
24.3
500.0
|
29.0
575.0
|
34.9
600.0
|
41.4
600.0
|
|
Total
Liabilities
Stockholders’ Equity
|
525.4
252.7
|
524.3
250.3
|
604.0
251.2
|
634.9
258.5
|
641.4
273.7
|
|
Total
Liabilities and Stockholders’ Equity
|
778.1
|
774.6
|
855.2
|
893.4
|
915.1
|
|
Statement
of Cash Flows
|
2009
|
2010
|
2011
|
2012
|
2013
|
|
Net Income
Depreciation and
Amortization
Chg. in Accounts
Receivable
Chg. in Inventory
Chg. in Payables and
Accrued Comp.
|
18.0
27.3
3.9
(2.9)
2.2
|
3.0
27.0
18.8
2.8
(1.1)
|
6.3
34.3
(0.0)
2.5
4.7
|
12.7
38.4
(7.1)
(3.3)
5.9
|
21.7
38.6
(9.2)
(3.6)
6.5
|
|
Cash from Operations
Capital Expenditures
|
48.5
(25.0)
|
50.5
(25.0)
|
47.8
(100.0)
|
46.6
(75.0)
|
54.0
(40.0)
|
|
Cash from Investing Activities
Dividends Paid
Sale (or purchase) of
stock
Debt Issuance (Pay Down)
|
(25.0)
(5.4)
—
—
|
(25.0)
(5.4)
—
—
|
(100.0)
(5.4)
—
75.0
|
(75.0)
(5.4)
—
25.0
|
(40.0)
(6.5)
—
—
|
|
Cash from Financing Activities
|
(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
SeeTable 2.5showing 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?
32.
SeeTable 2.5showing financial statement data and
stock price data for Mydeco Corp.
·
a.Compare Mydeco’s accounts payable days in 2009 and 2013.
·
b.Did this change in accounts payable days improve or worsen
Mydeco’s cash position in 2013?
33.
SeeTable 2.5showing financial statement data and
stock price data for Mydeco Corp.
- a. By how much did Mydeco increase its debt from 2009 to
2013? - b. What was Mydeco’s EBITDA/Interest coverage ratio in
2009 and 2013? Did its coverage ratio ever fall below 2? - c. Overall, did Mydeco’s ability to meet its interest
payments improve or decline over this period?
|
