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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

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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: To begin your assignment you gather the following financial data and ratios that are typical of companies In Lydex Company's industry: c. The gross margin percentage. d. The return on total assets. (Total assets at the beginning of last year were $13,150,000.) e. The return on equity. (Stockholders' equity at the beginning of last year totaled $8,503,550. There has been no common stock over the last two years.) f. Is the company's financial leverage positive or negative

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