Problem 13-15A Comprehensive Ratio Analysis [L013-2, LO 13-3, L013-4, LO13-5, L013-6] [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 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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: 930,000 1170,000 Cash 300,000 Marketable securities 1,680,000 2,580,000 Accounts receivable, net 3,570,000 2,200,000 Inventory 250,000 190,000 Prepaid expenses Total current assets 5,540,000 7330,000 9,460,000 9,020,000 Plant and equipment, net 16,790,000 14,560,000 Total assets Liabilities and Stockholders' Equity Liabilities: 3,980,000 2,920,000 Current liabilities 3,640,000 3,040,000 Note payable, 10% 5,960,000 Total liabilities 7620,000 Stockholders' equity: 7000,000 7000,000 Common stock, $70 par value Retained earnings 2170,000 1,600,000 8,600,000 Total stockholders' equity 9.170,000 Total liabilities and stockholders' equity 16,790,000 14,560,000