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 companiy's financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: $ 910,000 Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 2,500,000 3,550,00O 250,000 1,150,000 300,000 1,600,000 2,000,000 190,000 Total current assets Plant and equipment, net 7.210,000 9,420,000 5,240,000 9,000,000 Total assets 16,630,000 $14.240,000 Llabililties and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% $ 3,960,000 2.880,000 3,040,000 3,640,000 7600.000 5,920,000 Total liabilities Stockholders' equity Common stock, $70 par value Retained earnings 7,000,000 2,030,000 7000,000 1,320,000 Total stockholders' equity 9,030,000 8,320,000 Total liabilities and stockholders' equity $ 16,630,00o $14,240,000