You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked 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 Ye Assets Current assets: $ 880, 000 1,120,000 300, 000 1,480,000 2, 200, 000 180, 000 5, 280, 000 8, 970, 000 $16,380,000 $14,250, 000 Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 2, 380, 000 3,520, 000 240, 000 7,020, 000 9, 360, 000 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: 3,930,000 2, 820, 000 Current liabilities Note payable, 10% 3,620,03,020,000 5, 840, 000 7,550, 000 Total liabilities Stockholders' equity: 7,500,000 910, 000 Common stock, $75 par value Retained earnings 7, 500, 000 1, 330, 000 8, 830, 000 $16,388, 000 Total stockholders' equity Total liabilities and stockholders' equity kholders' equit10000 $14, 250, 000