Required information [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, $75 par value. Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 1,040,000 $ 1,280,000 0 300,000 3,020,000 3,680,000 270,000 8,010,000 9,680,000 $ 17,690,000 $ 4,090,000 3,720,000 7,810,000 7,500,000 2,380,000 9,880,000 $ 17,690,000 2,120,000 2,300,000 210,000 6,210,000 9,130,000 $ 15,340,000 $ 3,140,000 3,120,000 6,260,000 7,500,000 1,580,000 9,080,000 $ 15,340,000