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You have just been hired as a financial analyst for Lydex Company, a manufacturer of safet y helmets asked you to perform a comprehensiv 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 Lydex Company Comparative Balance Sheet This Year Lest Yea Assets Current asset 950,000 1,110,000 300, 000 ,600,000 3,550,000 2,000,000 190,000 Marketable securitien Accounts receivable, net 2,500, 000 250,000 9,420,000 Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabi1ities and Stockholders quity Liab11itiess ,000,000 16, 670,000 914,200,000 3,960,000 2,880,000 ,040,000 920,000 7,000,000 1,280,000 Current 11ab111tie Note payable, 10% 3, 640, 000 ,600,000 Total 11ab111ties Stockholders' eguitys Common stock, $70 par value Retained earnings 7,000,000 2,070,000 ,070,000 Total atockholders' equity Total 1iabilities and stockholders' equity ,280,00 16, 670,000 $14,200,000 Lydex Company Comparacive Incone statenent and Recongi 11ation This Year Lat Year Sales (a11 on account) Cost of goods sold Gross margin Se11ing and administrative expenses Het operating income Interest expense let income before taxes Income taxes (30%) llet income Common dividends let income retained 15,810, 000 12, 648,000 ,162,000 1,183,714 1,978,286 364,000 614,286 484,286 1,130,000 340,000 790, 000 13, 080,000 9,810,000 ,270,000 1,584,000 1,686,000 04,000 382,000 14,600 967, 400 183,700 83,700

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