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You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked 2.5 you to perform a comprehensive analysis of the company's financial statements, including comparing Lydex's performance points to its major competitors. The company's financial statements for the last two years are as follows: Lydex Company eBook Comparative Balance Sheet This Year Last Year Assets Print Current assets: References Cash $ 940,060 Marketable securities $ 1, 180,000 300,000 Accounts receivable, net 2, 620,000 1, 720,090 Inventory 3, 580,000 Prepaid expenses 250,000 2, 300, 000 190,000 Total current assets Plant and equipment, net 7, 390,090 9 , 480, 000 5, 690, 060 9, 030,000 Total assets $ 16, 870,000 $ 14, 720,000 Liabilities and Stockholders Equity Liabilities: Current liabilities Note payable, 10% $ 3,990,000 3, 660, 000 2, 940,060 Total liabilities 7, 650, 060 3, 060,080 Stockholders' equity: 6,000,000 Common stock, $75 par value Retained earnings 7, 500,000 1, 720,000 7, 500,060 Total stockholders equity 1, 220,000 9, 220,000 8, 720,000 Total liabilities and stockholders' equity $ 16, 870,600 $ 14, 720,000