3.33 po 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 Check my Assets Current assets Cash Marketable securities Accounts receivable, net Inventory Prepaid expens Total current assets Sydes Company Comparative lance Sheet This Year Last Year $930,000 $1,170,000 0 300,000 2,500,000 3,570,000 250,000 7,330,000 1,500,000 7,200,000 190,000 ences Plant and equipment, net Total Liabilities and Stackholders' fiquity Current alities Nite payable, 1 Total latilities Stockholders' equity Tetal stockholders equity Total 11abilities and stockholders' equity Lydes Company 9,460,000 $ 16,790,000 $14,500,000 $3,500,000 $2,920,000 3,640,000 X620,000 3,040,000 7,000,000 2,170,000 9,170,000 $ 16,750,000 Comparative Income Statement and Reconciliation 7,000,000 1,600,000 ,600,000 $ 14,560,000 Last Year Sales (all on account) Cost of goods sold Selling and administrative expenses Set operating income Interest expense fet incone before taxes This Year $ 15,830,000 3,166,000 1,402,000 1,764,000 364,000 1,400,000 $ 13,280,000 5,960,000 3,326,000 1,592,000 1,720,000 304,000 1,424,000