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:

$\backslash$table$[[\backslash$table$[[$Lydex Company$],[$Comparative Income Statement and$]],\backslash$table$[[$Reconciliation$],[$This Year$]],$Last Year$],[$Sales $($all on account$),$$$15,820,000,$$$13,180,000$