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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: Required: 1. Present the balance sheet in common-size format 2. Present the Income statement in common-size format down through net income. Lydex Company Common-Size Balance Sheets Present the income statement in common-size format down through net income. (Round your answe Due to rounding, figures may not fully reconcile down a column.)

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