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: 1,020,000 1,260,000 Cash 300,000 Marketable securities Accounts receivable, net 2,940,000 2,040,000 3,660,000 Inventory 2.100,000 270,000 Prepaid expenses 210,000 Total current assets 7,890,000 5,910,000 Plant and equipment, net 9,640,000 9.110,000 17,530,000 15,020,000 Total assets Liabilities and Stockholders' Equity Liab ties 4,070,000 3.100,000 Current liabilities Note payable, 10% 3,700,000 3.100,000 Total liabilities 6,200,000 7,770,000 Stockholders' equity: Common stock, $75 par value 7,500,000 7,500,000 2,260,000 Retained earnings 1,320,000 8,820,000 Total stockholders' equity 9,760,000 Total liabilities and stockholders' equity 17,530,000 15,020,000