Chapter 13 Homework Questions 1-3 (of 4) 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: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $ 1,050,000 0 3,060,000 3,400,000 240,000 1,290,000 300,000 2,160,000 2,400,000 220,000 Total current assets Plant and equipment, net 7.750,000 9,700,000 6,370,000 9,140,000 Total assets $17,450,000 15,510,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% $ 4,400,000 3,720,000 3,160,000 3,120,000 Total liabilities 8,120,000 6,280,000