Problem 16-15 (Algo) Comprehensive Ration Analysis [LO16-2, LO16-3, LO16-4, LO16-5, LO16-6]

Required information Problem 16-15 (Algo) Comprehensive Ratio Analysis (LO16-2, LO16-3, LO16-4, LO16-5, LO16-6] [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: Cash Marketable securities. Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities. Note payable, 10% Total liabilities Stockholders' equity: Common stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $990,000 2,820,000 3,630,000 260,000 7,700,000 9,580,000 $ 17,280,000 $ 4,040,000 3,680,000 7,720,000 $ 1,230,000 300,000 1,920,000 2,300,000 200,000 5,950,000 9,080,000 $ 15,030,000 $ 3,040,000 3,080,000 6,120,000 7,000,000 7,000,000 2,560,000 1,910,000 9,560,000 8,910,000 $ 15,030,000 $ 17,280,000