Required information {The foiiowing information appiies to the questions o'ispiayeor bellow} You haveiust been hired as a financial analyst for Lydex Company. a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis ofthe 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 5 966,666 so 1,2so,oaa Harketable securities 6 366,666 Accounts receivable, net 2,?66,666 1,666,666 Inventory 3,966,666 2,466,666 Prepaid expenses 246,666 166,666 Total current assets i,666,666 5,946,666 Plant and equipment, net 9,366,666 6,946,666 Total assets $ 1T41995933 $ 14J3535333 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 3,966,666 $ 2,266,666 Note payable, 16% 3,666,666 3,666,666 Total liabilities ?,566,666 5,?66,666 Stockholders' equity: Common stock, $ ?8 par value ?,S66,666 ?,S66,666 Retained earnings 1,866,666 1,326,666 Total stockholders' equity 9,666,666 9,126,666 Total liabilities and stockholders' equity $ 1T41995933 $ 14J3535333 Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) $ 15,?56,666 $ 12,486,666 Cost of goods sold 12,666,666 9,966,666 Gross margin 3,156,666 2,566,666 Selling and administrative expenses 1,596,666 1,566,666 Net operating income 1,566,666 1,626,666 Interest expense 366,666 366,666 Net income before taxes 1,266,666 226,666 Income taxes (36%) 366,666 216,666 Net income 646,666 564,666 Common dividends 366,666 252,666 Net income retained 466,666 252,666 Beginning retained earnings 1,326,666 1,668,666 Endine retained earnines $ 1,899,666 $ 1,326,666 To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: Current ratio 2.3 Acidtest ratio 1.2 Average collection period 39 days Average sale period 68 days Return on assets 9.5% Debttoequityr ratio 6.65 Times interest earned ratio 5.? Price-earnings ratio 19 2. You decide next to assess the company's stock market performance. Assume that Lydex's stock price at the end of this year is $2 per share and that at the end of last year it was $40. For both this year and last year, compute: {Round your "Percentage" answers to 1 decimal place and other intermediate and final answers to 2 decimal places} a. The earnings per share. b. The dividend yield ratio. c. The dividend payout ratio. d. The priceearnings ratio. e. The book value per share of common stock. a. The earnings per share b. The dividend yield ratio c. The dividend payout ratio d. The priceeamings ratio e. The book value per share of common stock