Required information [The following information applies to the questions displayed below. J You havejust 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 nancial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 1,838,888 $ 1,278,888 Marketable securities 8 388,888 Accounts receivable, net 2,988,888 2,888,888 Inventory 3,678,888 2,288,888 Prepaid expenses 278,888 218,888 Total current assets 7,958,888 6,868,888 Plant and equipment, net 9,668,888 9,128,888 Total assets $ 17,613.53\"?! $ 15.189.@@@ Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 4,888,888 $ 3,128,888 Note payable, 18% 3,728,888 3,128,888 Total liabilities 7,888,888 6,248,888 Stockholders' equity: Common stock, $78 par value 7,888,888 7,888,888 Retained earnings 2,818,888 1,948,888 Total stockholders' equity 9,818,888 8,948,888 Total liabilities and stockholders' equity $ 177513.333 $ 157133.333 Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) $ 15,938,888 $ 14,288,888 Cost of goods sold 12,744,888 18,718,888 Gross margin 3,186,888 3,578,888 Selling and administrative expenses 1,114,888 1,632,888 Net operating income 2,872,888 1,938,888 Interest expense 372,888 312,888 Net income before taxes 1,788,888 1,626,888 Income taxes (38%) 518,888 487,888 Net income 1,198,888 1,138,288 Common dividends 328,888 569,188 Net income retained 878,888 569,188 Beginning retained earnings 1,948,888 1,378,988 Ending retained earnings $ 2.3107099 $ 1.943.330 To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: Current ratio Acidtest ratio Average collection period Average sale period Return on assets Debttoequity ratio Times interest earned ratio Priceearnings ratio 2. You decide next to assess the company's stock market performance. Assume that Lydex's stock price at the end ofthis year is $108 per share and that at the end of last year it was $76. For both this year and last year, compute: (Round your "Percentage" answers to 1 decimal place and other intermediate and nal answers to 2 decimal places.) a. The earnings per share. b. The dividend yield ratio. c. The dividend payout ratio. d. The price-earnings ratio. 9. The book value per share of common stock