All questions go together

Questions 4-6 (of 7) The following information applies to the questions displayed below 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 Last Year Assets Current assets: $ 910,000 1150,000 300.000 Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 3,550,000 250,000 2,000,000 190,000 Total current assets Plant and equipment, net 7210.00052400o0 9,420.000 9,000,00o Total assets 16,630,000 $14,240000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% s 3,960,000 2,880,000 3,040,000 3,640,000 7600,000 5920,00o Total Sabilities Stockholders' equity 7,000,000 Common stock, $70 par value Retained earnings 2,030,000 8,320.000