Assets Current assets: Cash Lydex Company Common-Size Balance Sheets Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% Total liabilities Stockholders' equity: Common stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and equity This Year Last Year 0.0 % % 0.0 0.0 % 0.0 % 0.0 % 0.0 % 0.0 0.0 0.0 % 0.0 % Sales Cost of goods sold Gross margin Lydex Company Common-Size Income Statements Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income This Year % Last Year % do % %