31. See Table 2.5 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?
32. See Table 2.5 showing
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. See Table 2.5 showing
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?
TUTORIAL PREVIEW
a.
Accounts
receivable days = 360/ Accounts receivable turnover
Accounts
receivable turnover = Revenue/ Accounts receivable
|
2009
|
2010
|
2011
|
2012
|
2013
|
|
|
Revenue
|
404.3
|
363.8
|
424.6
|
510.7
|
604.1
|
|
Accounts Receivable
|
88.6
|
69.8
|
69.8
|
76.9
|
86.1
|
