this is my third time posting this question the answer is not 7.74% its not 13.3 or 13.6% please I need the right answer I feel like we have to use that number I highlighted

1. You decide first to assess the company's performance in terms of debt management and profitability. Compute the following for both this year and last year: (Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places.) a. The times interest earned ratio. b. The debt to equity ratio. c. The gross margin percentage. d. The return on total assets. (Total assets at the beginning of last year were $13,130,000.) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $8,257550. There has been no change in common stock over the last two years.) f. Is the company's financial leverage positive or negative? Answer is not complete. Last Year a 6.18 b This Year 587 080 20.01% 13.3 % 0.70 25.0 % The times interest earned ratio The debt to equity ratio The gross matgin percentage The return on total assets The return on equity Is the company's financial leverage positive or nogativo? C d 6 13,6 13.2% 1 Positive Positive 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: This Year Last Year Lydex Company Comparative Balance Sheet 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, 103 Total liabilities Stockholders' equity: Common stock, 575 par Value Retained earnings Total stockholders equity Total Habilities and stockholders' equity $ 1,020,000 0 2,940,000 3,660,000 270,000 7,890,000 9.540,000 $17.530,000 $1,260,000 300,000 2,040,000 2,100,000 210.000 5,910,000 9.110,000 $15,020,000 $ 4,070,000 2,200,000 7,270,000 5 3,100,000 3.100.000 6,200,000 7,500,000 2,260,000 9,260,000 $17.530,000 7,500,000 1,320,000 5.920,000 $15.020,000 Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) $ 15,920,000 $14,180,000 Cost of goods sold 12,236,000 10,635,000 Gross margin 3,184,900 3,545,000 Selling and administrative expenses 1,014,209 1,628,000 Net operating income 2,170,000 1,917,000 Interest expense 370,000 310,000 Net Income before taxes 1,800,000 1.607.000 Income taxes (30%) 540,000 482,100 Net Income 1,260,000 1,124,90 Connon dividends 320,000 562,45e Net income retained 940,000 562,450 Beginning retained earnings 1,320,000 757,550 Ending retained earnings $ 2,260,000 $1,320,000 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 9.9% 0,7 5.9 10