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: Liabilities: Current liabilities Note payable, 10% Total liabilities \begin{tabular}{rr} $4,9, & $3,14,0 \\ 3,72, & 3,12, \\ \hline 7,810,0 & 6,26, \\ \hline \end{tabular} Stockholders" equity: Common stock, $75 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company Comparative Income Statement and Reconciliation Sales (all on account) cost of goods sold Gross margin selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30x) Net income Common dividends To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal ple g. The total asset turnover. (The total assets at the beginning of last year totaled $13,150,000.) (Ro 2 decimal places.) 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: Liabilities: Current liabilities Note payable, 10% Total liabilities \begin{tabular}{rr} $4,9, & $3,14,0 \\ 3,72, & 3,12, \\ \hline 7,810,0 & 6,26, \\ \hline \end{tabular} Stockholders" equity: Common stock, $75 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company Comparative Income Statement and Reconciliation Sales (all on account) cost of goods sold Gross margin selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30x) Net income Common dividends To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: your intermediate calculations and final answers to 2 decimal place.) f. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal ple g. The total asset turnover. (The total assets at the beginning of last year totaled $13,150,000.) (Ro 2 decimal places.)
