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 lits major competitors. The company's financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: 1120,000 300,000 1,480,000 2,200,000 180,000 $ 880,000 Cash Marketable securitles Accounts recelvable, net Inventory Prepaid expenses 0 2,380,000 3,520,000 240,000 Total current assets Plant and equipment, net 7,020,000 9,360,000 5.280,000 8,970,000 Total assets $16,380,000 $14,250,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% $ 3,930,000 $2.820,000 3,020,000 3,620,000 7550,000 5,840,000 Total liabilities Stockholders equity: Common stock, $75 par value Retained earnings 7,500,000 1,330,000 7,500,000 910,000 Total stockholders equity 8,830,000 8,410,000 Total liabilities and stockholders' equity s 16,380,000 14,250,000