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Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity
Assets
Current assets:
Cash
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,
Total liabilities
Stockholders equity:
Common stock, $ par value
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
Lydex Company
The following financial data and ratios are typical of companies in Lydex Company's industry:
To assess the company's liquidity and asset management, compute the following for this year and last year:
a Working capital.
b The current ratio.
Note: Round your final answers to decimal places.
c The acidtest ratio.
Note: Round your final answers to decimal places.
d The average collection period. The accounts receivable at the beginning of last year totaled $
Note: Use days in a year. Round your intermediate calculations and final answers to decimal place.
e The average sale period. The inventory at the beginning of last year totaled $
Note: Use days in a year. Round your intermediate calculations and final answers to decimal place.
f The operating cycle.
Note: Round your intermediate calculations and final answers to decimal place.
g The total asset turnover. The total assets at the beginning of last year totaled $
Note: Round your final answers to decimal places.
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