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cah $3.30, . 2.1 3. 2.400 $26.710.000 Ats Carret assets: Maritable securities Accounts receive, ut Inventory Propalepnice Total current Plant and equat, Total assets Labilities and Stockholders' County Labilities: Current is Notepaytle, se Total anties Stockholders coulty Como to, 55 wale Retained earnings Total stockholders uity Total antes d stockholders wity 53,990.00 $ 2.000 1. $16. 5 54 S 12.000 3,295.000 Lydex Com Comparative Tricone Statement conc This Year Sales (allon kunt) S 25,820.000 Cost of goods sold Groorgin 2.168.00 Selling and strative 3. perating Incom 2.1 Interest expense Net Income before tas 1 Inco aves (2) Net income Common dividende Net Income retained Beginning retaining Ending retained earning $ 1.600 SIECIE S. To begin your assignment you gather the following financial osts and reste tipica of companies in Lysex Company's Industry 23 Current ratio -test ratio Average collective erled Average sale period Return on assets Dett-to-culty ratio Interest ratio Price-ins ratio 4 days days 3. You decide, finally, to assess the company's liquidity and asset management For both this year and last year compute a Woring capital D. The current ratio. (Round your final answers to 2 decimal places.) a. The average collection period. (The accounts receivable at the beginning of ast year totales S1630.000) Use 365 days in a year e. The average sale period. (The Invertory at the beginning of last year totaled St.990.000) (Use 365 days in a year. Round your Intermediate calculations and final answers to 2 decimal place.) t The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The total asset turnover. The total assets at the beginning of last year to $8.030.000(Round your final answers to 2 decimal places.) This Year Last Year a Worcing capital The current ratio c. The sotestato The average collection period The average sale period The operating de The Stalase turnover days days days das ch Ats Current assets $ 3.100 Martable securities Accounts receive 2.5. 3. Inventory 3.5.000 2.1 Prepaidences Total current asset Plant and get 9.410.000 S.D. Total Labilities and Stockholders Toulty Lilities: Current 53,970.00 5 2.000 Notepaytle, ses 2. Total 11th Stockholders equity Common Stock 575 par le 7. Retained warnings 1. Total stockholders uity Total tilties and stockholders equity $ 16,00 5344 Lydecor Comparative Income Statement Reconciliation This Year Sales (all count) 5 25.20.000 $ 12.10.000 Cost of goods sold Grosurgin 3.14.00 Selling inistrative expenses 2.400 perting Incom Tnterest expense Net Income before taxes There as (9) Net Income Como dividende Net Income retained Beginning retaining Ending retained warning $ 1.6.0 S. To begin your assignment you gather the following financial data and restare typical of companies in Lysex Company's industry Current ratio 2.1 test ratio 3.1 Average collectie period 1 days Average sale period Return on assets Debt-to-culty rette TE terest earned ratie 5. Price-cris ratio 1 1 BLOGIE 3. You decide, finally to assess the company's lquidity and asset management For both this year and last year computer a Worldng capital b. The current ratio. (Round your final answers to 2 decimal places.) answers a The average collection period. The accounts receivable at the beginning otast year isties $1530.0002 Use 365 days in a year e The average sale period. (The inventory at the beginning of last year totec S.990.000) (Use 365 days in a year. Round your Intermediate calculations and final answers to 2 decimal place.) The operating cycle (Round your intermediate calculations and final answers to 2 decimal place.) 9. The total asset turnover. (The total assets at the beginning of last year to $8.030.000 Round your final answers to 2 decimal places.) This Year Last Year Worcing eapta The current The sotestato The average collection period The average sale period The operating de The statue days days days days Lydex Company Comparative Balance Sheet This Year Last Year $ 920,000 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, 104 Total liabilities Stockholders' equitys Common stock, 575 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2,540,000 3,560,000 250,000 7,270,000 9, 140,000 $ 16,710,000 $ 1,160,000 300,000 1,640,000 2,100,000 190,000 5,390,000 9,010, eee 5 14,400,000 $ 2,900, een 3,940,000 5,940,00 $ 3,970,000 3,640,000 7,618,00 7,500,000 1,680,000 9, 180,000 $ 16,718, Bee 2,500,000 960,000 8,460,000 $ 14,400,000 Lydex Company Comparative Income Statement and Reconciliation This Year Sales tall on account) $ 15,820,000 Cost of goods sold 12,656,000 Gross margin 3, 164,000 Selling and administrative expenses 1,400,000 Net operating income 1,764,000 Interest expense 364,000 Net income before taxes: 1.400,000 Income taxes (389) 420,000 Net income 980,000 Common dividends 340,000 Net income retained 640,000 Beginning retained earnings 960,000 Ending retained earnings $1,600,000 Last Year $ 13, 180,000 9,885,00 3,295,000 1,588,000 1,707,000 304,000 1.403,080 420,900 982, 100 491,050 491,050 468,950 $ 960,000 Help 5 7 To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: of a Current ratio Acid-test ratio Average collection period Average sale period Return on assets Debt-to-equity ratio Times interest earned ratio Price-earnings ratio 2.3 1.1 40 days 60 days 8.89 0.7 5.8 10 sk 3. You decide, finally, to assess the company's liquidity and asset management. For both this year and last year, compute: a. Working capital b. The current ratio (Round your final answers to 2 decimal places.) c. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts receivable at the beginning of last year totaled S1,630,000) (Use 365 days in a year. e. The average sale period (The inventory at the beginning of last year totaled S1,990,000.) (Use 365 days in a year. Round your intermediate calculations and final answers to 2 decimal place) 1. The operating cycle. {Round your intermediate calculations and final answers to 2 decimal place.) g. The total asset turiver. (The total assess at the beginning of last year tatated $13,030,000.) (Round your final answers to 2 decimal places.) int rences This Year Last Year . Working capital b. The current ratio C. The acld-test ratio d. The average collection period c. The average sale period The operating cycle g. The total ansattumover days days days days cuya days