Totalt ut GE te pale, Stoc ity Selling d istrati tineretained Begin retained earnings Erind caring To begin your assignment you gether the following fnancial data and ratios that are typical of companies Company's Industry cd test ratio e lectried Average sale period Tit ed Futs 3. You decide finally to use the company's liquidity and is ongeren yer and Working COS b. The current Round your final answers to 2 decimal places) The cd-est Round your final answers to 2 decimal places The average collection period. The counts receivable at the beginning of y om $140.000) Use 365 days in a year Round your intermediate calculations and final answers to 2 decimal place) The verge period (The o ry beginning of $2100.000) 365 dan Round your Intermediate calculations and final answers to 2 decimal place) The e ng Round your intermediate calculations and final answers to 2 decimal place The o t h er the beginning of 530 000 vnd your last 2 decima 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 Comparative Balance Sheet This Year Last Year Marketable securities Accounts receivable, net $ 1,e3e,eee @ 2.930,000 3,670,000 27e,eee 7,950,000 9,660,0 $ 17,610,000 $1,220,000 300.ece 2,000,eee 2,200,000 210,00 6,060,000 9 ,120,eee $15,130,000 Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 1 Total liabilities Stockholders' equity: Common stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 4,000,eee $ 3,120,000 9,10,eee Lydex company Comparative Income Statement and Reconciliation Sales (all on account) cost of Boods sol Selling and administrative expenses 10,210,000 2,570,000 3.632.000 1,933.000 312,000 e income retained Beginning retained earnings Ending retained earnings To begin your assignment you gather the folowing financial data and ratios that are typical of companies in Lydex Company's industry ne collection Deriod Total liabilities and stockholders' equity $ 17,610,000 $15.11 . Lydex company Comparative Income Statement and Reconciliation This Year Sales (all on account) 15,930. Cost of goods sold 12.74. Gross margin 3,186, Selling and administrative expens 1,114.00 Net operating income 2,272. Interest expense 372.ee Net Income before taxes 1,7ee,eee Income taxes (3) 51e.ee et inco 1,19e,eee Common dividends Net Income retained 87e,ese Beginning retained earnings 1,900.ee Ending retained earnings $ 2.810,000 Last rear $14,250.ece 1e71e.ece 3,570,00 1,632.00 1,938, 312, 1,626, ce 1,138,20e 569, lee 569,100 1,370,900 1,940, e $ To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's Industry 1.1 32 days 60 days 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 5.7 2. You decide next to assess the company's stock market performance. Assume that Lydex's stock price at the end of this vear 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 final answers to 2 decimal places. a. The earnings per share b. The dividend yield ratio c. The dividend payout ratio. d. The price-earings 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 earnings ratio e. The book value per share of common stock 1536