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 $890,000 1130,000 300,000 1,520,000 2,300,000 180,000 0 2,420,000 3,530,000 240,000 Prepaid expenses Total current assets Plant and equipment, net 7080,000 9,380,000 5.430,000 8,980,000 Total assets 16,460,000 14,410,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% $ 3,940,000 $. 2.840,000 3,020,000 3,620,000 Total liabilities 7560,000 5,860,000 Stockholders' equity Common stock, $70 par value Retained earnings 7000,000 1900,000 7000,000 1,550,000 Total stockholders' equity 8,900,000 8,550,000 Total liabilities and stockholders' equity 16,460,000 14,410,000