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: Assets Current assets: Lydex Company Comparative Balance Sheet This Year Last Year Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% Total liabilities Stockholders' equity: Common stock, $70 par value Retained earnings Total stockholders' equity $ 950,000 2,660,000 3,590,000 260,000 7,460,000 9,500,000 $ 16,960,000 $ 1,190,000 300,000 1,760,000 2,400,000 200,000 5,850,000 9,040,000 $ 14,890,000 $ 4,000,000 3,660,000 7,660,000 7,000,000 $ 2,960,000 3,060,000 6,020,000 2,300,000 9,300,000 7,000,000 1,870,000 8,870,000 Total liabilities and stockholders' equity $ 16,960,000 $ 14,890,000