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You have just been hired as a financial analyst for Lydex Company a monufacturer of...

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Accounting

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You have just been hired as a financial analyst for Lydex Company a monufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial staterments, including comparing Lydex's performarice 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 tydex Company's industry: Required: 1. Present the balance sheet in common-size format. 2. Present the income statement in common-size format down through net income- Present the balance sheet in common-size format. (Round your answers to 1 decimal place. Due to rounding, fgures may not fully reconcile down a column.) Complete this question by entering your answers in the tabs below. Fresent the income statertient in common-size format down through net income. (Round your answers to 1 decomat place. bue to rounding, figures may not fully reconcle down a column.)

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