Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets Cash 920.000 1.160.000 Marketable securities 300,000 Accounts receivable, net 2,540,000 1,640,000 Inventory 3,560,000 2.100.000 Prepaid expenses 250,000 190,000 Total current assets 7270.000 5,390.000 Plant and equipment, net 9,440.000 9,010,000 Total assets 16,710,000 14,400,000 Liabilities and Stockholders' Equity Llabllltles Current liablltles 3,970,000 2.900.000 Note payable. 10% 3,640.000 3,040 000 Total liabilitles 7610,000 5,940,000 Stockholders' equity: Common stock, $75 par value 7.500, 7500.000 Retained earnings 1,600,000 960.000 Total stockholders' equity 9,100,000 8,460,000 Total liabilities and stockholders' equity 16.710.000 14,400,000