2 of 3 pped editors. The company's financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 1,050,000 $ 1,290,000 Marketable securities @ 300,000 Accounts receivable, net 3,860,000 2,160,000 Inventory 3,400,800 2,480,000 Prepaid expenses 240,000 220,000 Total current assets 7,750,000 6,370,000 Plant and equipment, net 9,700,000 9.140,000 Total assets $17,450,000 $15,510,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 4,400,000 $ 3, 160,000 Note payable, 104 3,720,000 3, 120.000 Total liabilities 8,120,000 6,280,000 Stockholders' equity: Common stock, $70 par value 7,000,000 7,680,000 Retained earnings 2,330,000 2,230,000 Total stockholders' equity 9,330,000 9,230,000 Total Liabilities and stockholders' equity $17,450,000 $15,510,000 Book Print Terences I rey roman Check my Lydex Company Comparative Income Statement and Reconciliation Sales (all on account) This Year Last Year $ 15,950,000 $14,480,000 Cost of goods sold 12,760,000 10,860,000 Gross margin 3,190,000 3,628,088 Selling and administrative expenses 1,918,000 1.640.000 Net operating income 1,272,000 1,980,000 Interest expense 372,000 312,000 Net income before taxes 900,000 1,668,000 Income taxes (309) 270.000 500,400 Net income 630,000 1,167,600 Common dividends 530,000 583,800 Net Income retained 100,000 583,800 Beginning retained earnings 2,230,000 1.646,200 Ending retained earnings $ 2.330,000 $2,230,000 To begin your assignment you gather the following financial date and ratios that are typical of companies in Lydex Company's industry: Current ratio Acid-test ratio Average collection period Average sale period Return on assets Debt-to-equity ratio Times interest earned ratio Price-earnings ratio 2.3 1.2 32 days 60 days 8.7% 0.7 5.9 10 Problem 14-15 Part 2 2. You decide next to assess the company's stock market performance. Assume that Lydex's stock price at the end of this year is $112 per share and that at the end of last year it was $80. For both this year and last year, compute: (Round your "Percentage" answers to 1 decimal place and other intermediate and final answers to 2 decimal places.) a. The earnings per share. b. The dividend yield ratio c. The dividend payout ratio. d. The price-earnings ratio. e. The book value per share of common stock. This Year Last Year ces a. The earnings per share b. The dividend yield ratio c. The dividend payout ratio d. The price-earnings ratio e. The book value per share of common stock % % % %