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Lydex Company Comparative Balance Sheet This YearLast Year Assets Current assets: Cash $940,000$1,200,000 Marketable securities 0300,000 Accounts receivable, net 2,620,0001,720,000 Inventory 3,580,0002,300,000 Prepaid expenses 250,000190,000

Lydex Company

Comparative Balance Sheet

This YearLast Year

Assets

Current assets:

Cash $940,000$1,200,000

Marketable securities 0300,000

Accounts receivable, net 2,620,0001,720,000

Inventory 3,580,0002,300,000

Prepaid expenses 250,000190,000

Total current assets 7,390,0005,710,000

Plant and equipment, net 9,480,000 9,030,000

Total assets$16,870,000$14,740,000

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities$3,880,000$2,940,000

Note payable, 10% 3,660,0003,060,000

Total liabilities 7,540,0006,000,000

Stockholders' equity:

Common stock, $75 par value 7,500,0007,500,000

Retained earnings 1,830,0001,240,000

Total stockholders' equity 9,330,0008,740,000

Total liabilities and stockholders' equity $16,870,000 $14,740,000

Lydex Company

Comparative Income Statement and Reconciliation

This YearLast Year

Sales (all on account)$15,840,000$13,380,000

Cost of goods sold 12,672,00010,035,000

Gross margin 3,168,0003,345,000

Selling and administrative expenses 1,473,4291,596,000

Net operating income 1,694,5711,749,000

Interest expense 366,000306,000

Net income before taxes 1,328,5711,443,000

Income taxes (30%) 398,571432,900

Net income 930,0001,010,100

Common dividends 340,000505,050

Net income retained 590,000505,050

Beginning retained earnings 1,240,000734,950

Ending retained earnings$1,830,000$1,240,000

Current ratio2.4

Acid-test ratio1.2

Average collection period40 days

Average sale period60 days

Return on assets9.1 %

Debt-to-equity ratio0.69

Times interest earned ratio5.7

Price-earnings ratio10

Lydex Company

Common-Size Balance Sheets

This YearLast Year

Assets

Current assets:

Cash%%

Marketable securities0.0

Accounts receivable, net

Inventory

Prepaid expenses

Total current assets0.00.0

Plant and equipment, net

Total assets0.0%0.0%

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities%%

Note payable, 10%

Total liabilities 0.00.0

Stockholders' equity:

Common stock, $75 par value

Retained earnings

Total stockholders' equity0.00.0

Total liabilities and equity0.0%0.0%

Please show me how to find the cash percentage in the first column, I can figure out the rest.

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