Chapter 15 Problems i Saved Help Save & Exi Sbmit Check my work 4 Required information Part 1 of 3 [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: 5 points Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: eBook Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $ 1,050,000 1,290,000 300,000 2,160, 000 2,400,000 220,000 6,370, 000 9,140, 000 $17,450,000 $15,510,000 3,060,000 3,400,000 240,000 7,750,000 9,700,000 Print Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity References Liabilities: Current liabilities $ 4,400,000 3,160,000 3,120 Note payable, 10% Total liabilities 3,720,000 8,120,000 6.280,000 Stockholders' equity: stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 7,000,000 2,230,000 9,230,000 17,450,000 $15,510,000 7,000,000 2,330,000 9,330,000 Lydex Company Comparative Income Statement and Reconciliation This Vear