Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) $15,770,000 $12,680,000 Cost of goods sold 12,616,000 9,510,000 Gross margin 3,154,000 3,170,000 Selling and administrative expenses 1,594,000 1,568,000 Net operating income 1,560,000 1,602,000 Interest expense 360,000 3ee, eee Net income before taxes 1,200,000 1,382,000 Income taxes (30%) 360,000 390, 600 Net income 840,000 911,400 Common dividends 350,000 455,700 Net income retained 490,000 455,700 Beginning retained earnings 1,290,000 834,300 Ending retained earnings $ 1,780,000 $ 1,290,000 To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: Current ratio Acid-test ratio Average collection period Average sale period Return on assets Debt-to-equity ratio Times interest earned ratio Price-earnings ratin 2.3 1.0 30 days 6 days 8.3% 0.7 5.9 2. You decide next to assess the company's stock market performance. Assume that Lydex's stock price at the end of this year is $76 per share and that at the end of last year it was $44. For both this year and last year, compute: (Round your "Percentage" answers to 1 decimal place and other intermediate and final answers to 2 decimal places.) 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 This Year Last Year 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 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 $1.580,000) (Use 365 days in a year Round your intermediate calculations and final answer to 2 decimal place.) e. The average sale period. (The inventory at the beginning of last year totaled $1,940,000.) (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal place.) f. The operating cycle. (Round your intermediate calculations and final answer to 2 decimal place.) g. The total asset turnover (The total assets of the beginning of last year totaled $14.520.000) (Round your final answers to 2 decimal places.) This Year Last Year a Working capital The current ratio The acid test ratio d. The average collection period e. The average sale period The operating cycle The total asset tumover