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Please help me answer question d, e and f on the 1st part, and e, f of the 2nd part. Thanks! You have just been
Please help me answer question d, e and f on the 1st part, and e, f of the 2nd part. Thanks!
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 companys financial statements, including comparing Lydexs performance to its major competitors. The companys financial statements for the last two years are as follows:
Lydex Company Comparative Bolance Sheet This Year Lost Year Assets Current assets: 890.000 1.130.000 Cash 300.000 Marketable securities 2.420.000 Accounts receiveble 520.000 3.530.000 2,300,000 inventory Prepaid expenses 240.000 80.000 Totel current assets 5.430.000 7.080.000 9,380,000 8,980,000 Plant and equipment, net 16.460.000 14,410,000 Total assets Liabilities and Stockholders' Equity Liabilities s 2,840.000 3,020,000 3.940.000 Current liabilities Note payable 10% 3.620.000 Totel liebilities 5.860.000 7,560,000 Stockholders' equity: Common stock. $70 per volue 7000.000 7000.000 Retained earnings 1.900.000 550.000 Total stockholders' equity 8,900.000 8,550.000 Total liabilities and stockholders' equity 16,460.000 14,410.000Step by Step Solution
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