[The following informotion opplies to the questions disployed below.] You hove just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive anslysis of the compeny's finencial statements, including comparing Lydex's performence to its major competitors. The company's financial statements for the last two years are os follows: To begin your sssignment you gather the following finsncial dats and ratios that are typical of companies in Lydex Compeny's industry: Required: 1. You decide first to assess the company's performance in terms of debt manogement and profitability. Compute the following for both this year and lost yeor: (Round your "Percentage" answers to 1 decimal place and other answers to 2 declmal places.) 0. The times interest esmed ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The return on total assets. (Total sssets ot the beginning of last year were $12,960,000.) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $9,048,000. There has been no change in common stock over the lust two years.) f. Is the compony's financial leveroge positive or negative? You have just been hired os a financial analyst for Lydex Compony, a monufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the compony's finsncial statements, including comparing Lydex's performance to its major competitors. The company's financial statements for the last two years are os follows: To begin your assignment you gather the following financial date and ratios that are typical of companies in Lydex Compeny's industry: 3. You decide, finelly, to assess the compony's liquidity and asset management. For both this year and last year, compute: 0. Working capitsl. b. The current rotio. (Round your final answers to 2 decimal places.) c. The scid-test ratio. (Round your final answers to 2 decimal places.) d. The oversge collection period. (The accounts receivable at the beginning of last year totaled $1,560,000.) (Use 365 days In a year. Round your intermedlate calculatlons and final answers to 1 decimal place.) e. The sveroge sale period. (The inventory ot the beginning of last year totaled $1,920,000.) (Use 365 days In a year. Round your Intermedlate calculations and final answers to 1 decimal place.) f. The operating cycle. (Round your Intermedlate calculatlons and final answers to 1 decimal place.) 9 . The totol ssset tumover. (The totol sssets ot the beginning of lsst year totaled $12,960,000.) (Round your final answers to 2 decimal places.)