Problem $14-16($Algo$)$ Common$-$Size Financial Statements $[$LO$14-1]$

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:

You have just been hired as a financlal analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to

perform a comprehensIve analysis of the company's financlal statements, Including comparing Lydex's performance to Its major

competitors. The company's financlal 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 companles In Lydex Company's industry:

Required:

Present the balance sheet in common$-$slze format.

Present the income statement in common$-$size format down through net Income. Required:

Present the balance sheet in common$-$size format.

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 balance sheet in common$-$size format. $($Round your answers to $1$ decimal place. Due to rounding, figures may not fully reconcile down a column.$)$

$\backslash$table$[[$Lydex Company$],[$Common$-$Size Balance Sheets$],[,$This Year,,Last Year,$],[$Assets$],[$Current assets:$],[$Cash$,,\%,,\%],[$Marketable securities$],[$Accounts receivable, net$],[$Inventory$],[$Prepaid expenses$],[$Total current assets,$\backslash$bar $(0\mathrm{.}0),,0\mathrm{.}0,],[$Plant and equipment, net$],[$Total assets,$0\mathrm{.}0,\%,0\mathrm{.}0,0.\%],[$Liabilities and Stockholders' Equity$],[$Liabilities:$],[$Current liabilities,,$\%,,\%],[$Note payable, $10\%],[$Total liabilities,$0\mathrm{.}0,,0\mathrm{.}0,],[$Stockholders$\text{'}$ equity.$],[$Common stock, $$70$ par value$],[$Retained earnings$],[$Total stockholders' equity,$0\mathrm{.}0,,0\mathrm{.}0,],[$Total liabilities and equity,$0\mathrm{.}0,\%,,0\%]]$ Required:

Present the balance sheet in common$-$size format.

Present the income statement in common$-$size format down through net income.

Complete this question by entering your answers in the tabs below.

Required $2$

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.$)$

$1.$ Present the balance sheet in common$-$size format.

$2.$ Present the income statement in common$-$size format down through net income.