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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: 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, $75 par value Retained earnings $ 1,040,000 0 3,020,000 3,680,000 270,000 8,010,000 9,680,000 $ 17,690,000 $ 4,090,000 3,720,000 7,810,000 7,500,000 2,380,000 $ 1,280,000 300,000 2,120,000 2,300,000 210,000 6,210,000 9,130,000 $ 15,340,000 $ 3,140,000 3,120,000 6,260,000 7,500,000 1,580,000 Total stockholders' equity Total liabilities and stockholders' equity 9,880,000 9,080,000 $ 17,690,000 $ 15,340,000 Lydex Company Comparative Income Statement and Reconciliation This Year $ 15,940,000 Last Year $ 14,380,000 Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taver 12,752,000 10,785,000 3,188,000 1,216,000 1,972,000 1 372,000 600 000 3,595,000 1,636,000 1,959,000 312,000 1 617 000 G < Prev 2 3 4 of 6 Next >