Please answer part 2 and 3.

Problem 15-15 Comprehensive Ratio Analysis [L015-2, LO15-3, LO15-4, LO15-5, LO15-6 The following information applies to the questions displayed below.] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helm boss has asked you to perform a comprehensive analysis of the company's financial state comparing Lydex's performance to its majo two years are as follows: ets. Your ments, including r competitors. The company's financial statements for the last Lydex Company Comparative Balance Sheet This Year Last Yea Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 940,000 1,180,000 300,000 1,720,000 3,580,000 2,300,000 190,000 5, 690,000 9,480,0009,030,000 $16,870,000 $14,720,000 2,620,000 250,000 7,390,000 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders Equity Liabilities: Current liabilities Note payable, 108 3,990,0002,940,000 3,660,0003,060,000 Total liabilities Stockholders' equity: ,650,0006,000,000 7,500,000 1,720,000 1,220,000 9,220,0008,720,000 $16.870.000 $14.720.000 7,500,000 Common stock, $75 par value Retained earnings Total stockholders' equity Lydex Company Comparative Income Statement and Reconciliation Sales (all on account) Cost of goods sold Gross margin Selling and administrative expensen Net operating income Interest expense Net income before taxes Income taxes (308) Net income Common dividends Net income retained Beginning retained earnings This Year Last Year 15,840,000 13,380,000 12,672,000 10,035 000 3,168,000 3,345,000 1,596,000 1,749,000 306,000 1,443,000 32,900 1,010,100 340,000505,050 505,050 1,220,000 714,950 1,720,000 1,220,000 1,602,000 1,566,000 366,000 1,200,000 360,000 840,000 500,000 Ending retained earnings 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 ratio 2.4 40 days 60 days 9.1 5.7 10 Problem 15-15 Part 2 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 $90 per share and that at the end of last year it was $58. 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 Problem 15-15 Part3 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 $1,650,000) (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 $2,010,000) (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 at the beginning of last year totaled $14,590,000) (Round your final answers to 2 decimal places.) This Year Last Year a. Working capital b. The current ratio C. | The acid-test ratio d. The average collection period e. The average sale period f. The operating cycle g. The total asset turnover days days days days days days