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: 900,000 1.140,000 Cash 300,000 Marketable securities Accounts receivable, net 2,460,000 1.560.000 2,400,000 3,540,000 Inventory Prepaid expenses 250,000 7150,000 5,590,000 Total current assets Plant and equipment, net 9,400,000 8,990,000 Total assets $16,550,000 $14,580,000 Liabilities and Stockholders' Equity Liabilities: 3,950,000 2,860,000 Current liabilities Note payable, 10% 3,620,000 3,020.000 Total liabilities 7570,000 5,880,000 Stockholders' equity Common stock, $75 par 7,500,000 00.000 value Retained earnings 1,480,000 1,200,000 Total stockholders' equity 8,980,000 8,700,000 Total liabilities and $16,550,000 $14,580,000 stockholders' equity