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 $ 820,000 ces 2,860,000 3,640,000 270,000 7,590,000 9,600,000 $ 17,190,000 $ 1,060,000 300,000 1,960,000 2,400,000 210,000 5,930,000 9,999,000 $ 15,020,000 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 Total stockholders' equity Total liabilities and stockholders' equity $ 4,050,000 3,700,000 71,750,000 $ 3,860,00 3,100.000 6,168,000 7,500,000 1,940,000 9,440,000 $ 17,190,000 7,500,000 1,360,000 8,860,000 $ 15,020,000 Lydex Company Carative Theme Statement and Rennriliation