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 $930,000 0 2,580,000 3,570,000 250,000 7,330,000 9,460,000 $ 16,790,000 $ 1,170,000 300,000 1,680,000 2,200,000 190,000 5,540,000 9,020,000 $ 14,560,000 $ 3,980,000 3,640,000 7,620,000 7,000,000 2,170,000 $ 2,920,000 3,040,000 5,960,000 7,000,000 1,600,000 8,600,000 9,170,000 $ 16,790,000 $ 14,560,000 Lydex Company Comparative Income Statement and Reconciliation Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Nat onerating income This Year $ 15,830,000 12,664,000 3,166,000 1,402,000 1.764.000 Last Year $ 13,280,000 9,960,000 3,320,000 1,592,000 1 728 000