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. Complete this question by entering your answers in the tabs below. iuliy recuinale uumi a curumin, \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Lydex Company } \\ \hline \multicolumn{5}{|c|}{ Common-Slze Balance Sheets } \\ \hline & \multicolumn{2}{|l|}{ This Year } & \multicolumn{2}{|l|}{ Last Year } \\ \hline Assets & & & & \\ \hline Current assets: & & & & \\ \hline Cash & & % & & % \\ \hline Marketable securities & & & & \\ \hline Accounts receivable, net & & & & \\ \hline invertory & & & & \\ \hline Prepaid expenses & & & & \\ \hline Total current assets & 0.0 & & 0.0 & \\ \hline Plant and equipment, net & & & & \\ \hline Total assets & 0.0 & % & 0.0 & % \\ \hline Liabilities and Stockholde & & & & \\ \hline Liabilities: & & & & \\ \hline Current liabilities & & % & & % \\ \hline Note payable, 10% & & & & \\ \hline Total liabilfies & 0.0 & & 0.0 & \\ \hline Stockhoiders' equity: & & & & \\ \hline Common stock, \$70 par & & & & -1 \\ \hline Retained earnings & & & & \\ \hline Total stockholders' equity & 0.0 & & 0.0 & \\ \hline Total liabilites and equity & 0.0 & % & 0.0 & % \\ \hline \end{tabular} Required: 1. Present the balance sheet in common-size format. 2. Present the income statement in common-size format down through net income. Complete this question by entering your answers in the tabs below. 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.)