Lydex Corpany

Comparative Balance Sheet

This vear

last Year

Assets

Current assets:

cash

Warketable securities

Accounts receivable, net

Inventory

Prepaid expenses

Total current assets

plant and equipment, net

Total assets

Liabilities and Stockholders' Equity

Liabilities:

current liabilities

Note payable, $18x$

Total liabilities

stockholders" equity

Comon stock, $$75$ par value

Retained earnings

Jotal stockholders' equity

rotal liabilities and stockholders" equity

Lydex Company

Sales $($all on account$)$

cost of goods sold

Gross margin

Selling and administrative expenses

Wet operating income

Interest expense

Net income before taxes

Income taxes $(398)$

Net incare

common dividends

Net incore retained

Beginning retained earnings

Ending retained earnings

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