20 Required information [The following information applies to the questions displayed below. Part 2 of 3 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 This Year Year Assets Current assetst Cash $ 880,000 1,120,000 300,000 2,380,000 ,480,000 2,200,000 Marketable securities Accounts receivable, net Inventory 240,000 7,020,000 9-360 000 Total current assets Plant and equipment, net Total aesets Liabi1ities and Stockholders Equity 5, 280,000 970,000 16,380,000 $14,250,000 Liabilities Current liabilities Note payable, 10 $ 3,930,000 2,820,000 620.00 Total 1iabilities Stockholders equitys 7550,000 Common stock, $75 par value Retained earnings ,500,000 1,330-000 7,500,000 910 000 Total stockholders' equity Total 1iabllities and stockholdera equity $16,380,000 $14,250,000