[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 $ 1,010,000 2,900,000 3,650,000 270,000 7,830,000 9,620,000 $ 17,450,000 $ 1,250,000 300,000 2,000,000 2,000,000 210,000 5,760,000 9,100,000 $ 14,860,000 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 $ 4,060,000 3,700,000 7,760,000 $ 3,080,000 3,100,000 6,180,000 7,000,000 2,690,000 9,690,000 $ 17,450,000 7,000,000 1,680,000 8,680,000 $ 14,860,000 Lydex Company Comparative Income Statement and Reconciliation This Year Sales (all on account) $ 15,910,000 Cost of goods sold 12,728,000 Gross margin 3,182,000 Selling and administrative expenses 912,000 Net operating income 2,270,000 Interest expense 370,000 Net income before taxes 1,900,000 Income taxes (30%) 570,000 Net income 1,330,000 Common dividends 320,000 Net income retained 1,010,000 Beginning retained earnings 1,680,000 Ending retained earnings $ 2,690,000 Last Year $ 14,080,000 10,560,000 3,520,000 1,624,000 1,896,000 310,000 1,586,000 475,800 1,110,200 555,100 555,100 1,124,900 $ 1,680,000 To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: Current ratio Acid-test ratio Average collection period Average sale period Return on assets Debt-to-equity ratio Times interest earned ratio Price-earnings ratio 2.3 1.1 32 days 60 days 9.8% 0.7 5.8 10 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 $104 per share and that at the end of last year it was $72. 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 price-earnings ratio. e. The book value per share of common stock. This Year Last Year % % % % a. The earnings per share b. The dividend yield ratio C The dividend payout ratio d. The price-eamings ratio e The book value per share of common stock