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 $ 1,050,0001,290,000 300,000 2,160,000 2,400,000 220,000 6,370,000 9,140,000 $17,450,000 $15,510,000 3,060,000 3,400,000 240,000 7,750,000 9,700,000 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities $ 4,400,000 $3,160,000 3,120,000 6,280,000 3,720,000 8,120,000 Note payable, 10% Total liabilities stockholders' equity: 7,000,000 2,330,000 9,330,000 $ 17,450,000 7,000,000 2,230,000 9,230,000 $ 15,510,000 Common stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company Comparative Income Statement and Reconciliation This Year Last Year Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income Common dividends Net income retained Beginning retained earnings Ending retained earnings $ 15,950,000 14,480,000 10,860,000 3,620,000 1,640,000 1,980,000 312,000 1,668,000 500,400 1,167,600 583,800 583,800 1,646,200 $ 2,330,000 2,230,000 12,760,000 3,190,000 1,918,000 1,272,000 372,000 900,000 270,000 630,000 530,000 100,000 2,230,000 To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry Current ratio Acid-test ratio Average collection period Average sale period Return on assets Debt-to-equity ratio Times interest earned ratio Price-earnings ratio 32 days 60 days 8.7% 5.9 10 2. You decide next to assess the company's stock market performance. Assume that Lydex's stock price at the end of this year is $112 per share and that at the end of last year it was $80. For both this year and last year, compute: (Round your "Percentage" answers to 1 decimal place and other intermediate and final answers to 2 decimal places.) a. The earnings per share. b. The dividend yield ratio. c. The dividend payout ratio. d. The price-earnings ratio. e. The book value per share of common stock. This Year Last Year a. The earnings per share b. The dividend yield ratio c. The dividend payout ratio d. The price-earnings ratio e. The book value per share of common stock