Problem 14-15 (Algo) Comprehensive Ratio Analysis [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety heimets Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydex's performance to its major competitors. The company's financial statements for the last two years are as follows: To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry Required: 1 You decide furst to assess the company's performance in terms of debt management and profitability Compute the following for both this year and last year (Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places.) a The times interest earned ratio: b. The debt-to-equity ratio. c. The gross margin percentage d The retum on total assets. (Total assets at the beginning of last year were $13,070,000 ) e. The retum on equity. (Stockholders' equity at the beginning of last year totaled $7,990,250 There has been no change in common stock over the last two years.) I Is the company's financial leverage positive or negative