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 Assets current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 880,000 1,120,000 300,000 2,380,0001,480,000 2,200,000 180,000 5,280,000 9,360 000 8,970,000 $16,380,000 $14,250,000 3,520,000 240.000 7,020,000 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10 3,930,000 2,820,000 3,620,000 7,550,000 3, 020. 000 5,840,000 7,500,000 8,410,000 $16,380,000 $14,250,000 Total liabilities Stockholders equity: Common stock, $75 par value Retained earnings 7,500,000 1,330,000 8,830,000 Total stockholders' equity Total liabilities and stockholders' equity