Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 910,000 $ 1,150,000 Marketable securities 0 300,000 Accounts receivable, net 2,500,000 1,600,000 Inventory 3,550,000 2,000,000 Prepaid expenses 250,000 190,000 Total current assets 7,210,000 5,240,000 Plant and equipment, net 9,420,000 9,000,000 Total assets $ 16,630,000 $ 14,240,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 3,960,000 $ 2,880,000 Note payable, 10% 3,640,000 3,040,000 Total liabilities 7,600,000 5,920,000 Stockholders' equity: Common stock, $70 par value 7,000,000 7,000,000 Retained earnings 2,030,000 1,320,000 Total stockholders' equity 9,030,000 8,320,000 Total liabilities and stockholders' equity $ 16,630,000 $ 14,240,000 Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) $ 15,810,000 $ 13,080,000 Cost of goods sold 12,648,000 9,810,000 Gross margin 3,162,000 3,270,000 Selling and administrative expenses 1,298,000 1,584,000 Net operating income 1,864,000 1,686,000 Interest expense 364,000 304,000 Net income before taxes 1,500,000 1,382,000 Income taxes (30%) 450,000 414,600 Net income 1,050,000 967,400 Common dividends 340,000 483,700 Net income retained 710,000 483,700 Beginning retained earnings 1,320,000 836,300 Ending retained earnings $ 2,030,000 $ 1,320,000

You decide next to assess the companys stock market performance. Assume that Lydexs stock price at the end of this year is $84 per share and that at the end of last year it was $52. For both this year and last year, compute: (Round your intermediate calculations and final answers to 2 decimal places. For percentages 0.1234 should be considered as 12.34%.)

a.	The earnings per share.
b.	The dividend yield ratio.
c.	The dividend payout ratio.
d.	The price-earnings ratio.
e.	The book value per share of common stock.

You decide, finally, to assess the companys liquidity and asset management. For both this year and last year, compute: (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.)

a.	Working capital.
b.	The current ratio.
c.	The acid-test ratio.
d.	The average collection period. (The accounts receivable at the beginning of last year totaled $1,620,000.)
e.	The average sale period. (The inventory at the beginning of last year totaled $1,980,000.)
f.	The operating cycle.
g.	The total asset turnover. (The total assets at the beginning of last year totaled $13,020,000.)