Homework Chapter 2 HW Question 1, P2-11 (book/static HW Score 7.14%, 114 points Point of Save 25 wire france en la escen

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Homework Chapter 2 Hw Question 1 P2 11 Book Static Hw Score 7 14 114 Points Point Of Save 25 Wire France En La Escen 1 (22.08 KiB) Viewed 51 times

Homework Chapter 2 Hw Question 1 P2 11 Book Static Hw Score 7 14 114 Points Point Of Save 25 Wire France En La Escen 2 (63.25 KiB) Viewed 51 times

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Homework Chapter 2 HW Question 1, P2-11 (book/static HW Score 7.14%, 114 points Point of Save 25 wire france en la escena de Core Spooneydeco had purchased at $12 mil the end of 2013, and we ty 54 2014, 2015, 2016 in Monte wat act wouls on these are had on estat recome in years 2013 2017 has pod oca un Chromeboods one place) Year 2013 Aan Den $ 5 Clear Check answer View an example Etext pages Get more help

Data table Х 2012-2016 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2012 2013 2014 2015 Revenue 404.3 363.8 424.6 510.7 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) Gross Profit 216.0 190.0 218.4 263.9 Sales and Marketing (66.7) (66.4) (82.8) (102.1) Administration (60.6) (59.1) (59.4) (66.4) Depreciation & Amortization (273) (27.0) (34.3) (38.4) EBIT 61.4 37.5 41.9 57.0 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) Pretax Income 27.7 4.6 9.7 19.6 Income Tax (6.9) (1.2) (2.4) (4.9) Net Income 20.8 3.4 7.3 14.7 Shares Outstanding (millions) 55 55 55 55 Earnings per Share $0.38 $0.06 $0.13 $0.27 Balance Sheet 2012 2013 2014 2015 Assets Cash 48.8 69.3 87.7 80.9 Accounts Receivable 88.6 69.8 69.8 76.9 Inventory 33.7 30.9 28.4 31.7 Total Current Assets 171.1 170.0 185.9 189.5 Net Property, Plant & Equipment 245.3 243.3 309.0 345.6 Goodwill & Intangibles 361.7 361.7 361.7 361.7 Total Assets 778.1 775.0 856.6 896.8 Liabilities & Stockholders' Equity Accounts Payable 18.7 17.9 22.0 26.8 Accrued Compensation 6.7 6.4 7.0 8.1 2016 604.1 (293.4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (8.4) 25.0 55 $0.45 2016 91.7 86.1 35.3 213.1 347.0 361.7 921.8 31.7 9.7 Print Done Set more help

Save Seo Table 2.5 m showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $12 million at the end of 2013, and this equipment was depreciated by S4 million per year in 2014, 2015, and 2016. Given Mydeco's tax rate of 25%, what impact would this additional purchase have had on Mydeco's net income in years 2013-2016? (Assume the equipment is paid for out of cash and that Mydeco eams no interest on its cash balances.) Calculate the new net income below: (Round to one decimal place.) 2013 (millions) Yoar Net Income Additional Depreciation Tax Savings New Net Income $ S $