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pls help. You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to
pls help.
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. To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: Problem 14-15 Part 1(Algo) Required: 1. You decide first to assess the company's performance in terms of debt management and profitability. Compute the following for both this year and last yeor: (Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places.) a. The times interest earned ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The return on total assets. (fotal assets at the beginning of last year were $13,090,000 ) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $8,236,250. There has been no change in common stock over the last two years.) f is the company's financial leveroge positive or negative Step by Step Solution
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