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Need all required parts answered Problem 14-16 (Algo) Common-Size Financial Statements [LO14-1] You have just been hired as a financial analyst for Lydex Company, a
Need all required parts answered
Problem 14-16 (Algo) Common-Size Financial Statements [LO14-1] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets, Your boss has asked you to perform a comprehensive analysis of the company's financial statements, including comparing Lydex's performance to its major competitors. The company's financial statements for the last two years are as follows: Required: 1. Present the balance sheet in common-size format. 2. Present the income statement in common-size format down through net income. Present the balance sheet in common-size format, (Round your answers to 1 decimal place. Due to rounding, figures may not fully reconcile down a column.) Present the income statement in common-size format down through net income. (Round your answers to 1 decimal place. Due to rounding, figures may not fully reconcile down a column.) Step by Step Solution
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