2 Problem 15-16 Common-Size Financial Statements [L015-1] 12.5 points You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. 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: Lydex Company Comparative Balance Sheet eBook This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $890,000 1,020,000 300,000 1,520,000 2,300, 000 180,000 5, 320,000 8,980,000 16,460,000 $14,300,000 Print 2,420,000 3,530,000 240,000 7,080,000 9,380,000 References Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Equity Liabilities: Current 1iabilities Note payable, 108 $ 3,960,000 2, 860,000 Total liabilities Stockho1ders' equity: 3,620,000 7,580,000 3,020,000 5,880,000 Common stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 7,000,000 1,880, 000 8,880, 000 $16, 460,000 7,000,000 1,420,000 8,420,000 $14, 300,000 Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) S 15,790,000 12,880,000 Mc Graw Prev 2 of 2-. 2 of 2E Score answer > Score.answer >