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 vears are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securitles Accounts recelvable, net Inventory Prepald expenses $ 940,000 1180,000 300,000 1720,000 2,300,000 90,000 0 2,620,000 3,580,000 250,000 Total current assets Plant and equipment, net 7,390,000 9,480,000 5,690,000 9,030,000 Total assets $16,870,000 14,720,000 Liabllities and Stockholders' Equity Llablities: Current llablities Note payable, 10% $ 3,990,000 3,660,000 2,940,000 3,060,000 Total llabilities 7,650,000 6,000,000 Stockholders' equity Common stock, $75 par value Retalned earnings 7,500,000 1,720,000 7,500,000 1,220,000 Total stockholders' equity 9,220,000 8,720,000 Total liabilities and stockholders' equity $16,870,000 14,720,000