Question: I got a, b, and c but Im having trouble with the rest. Lydex Company Comparative Balance Sheet This YLast Y ear Assets Current assets:
Lydex Company Comparative Balance Sheet This YLast Y ear Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $960,000 1,260,000 300,000 2,700,000 1,800,000 3, 900, 000 2, 400, 000 180, 000 5, 940,000 8, 940, 000 $17,100, 000 $14, 880, 000 240, 000 7,800, 000 9, 300, 000 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities s 3,900,000 2,760, 000 3,000, 000 5, 760, 000 Current liabilities 3, 600, 000 7, 500, 000 Note payable, 10% Stockholders' equity: etained earnings Total liabilities Common stock, $78 par value Total stockholders" equity Total 1iabilities and stockholders equity 7, 800, 000 1, 800,000 9, 600, 000 $17,100,000 7,800,000 1,320,000 9, 120,000 $14, 880, 000 Lydex Compan Comparative Income Statement and Reconciliation This YearLast Year s 15,750, 000 12, 480,000 Sales (all on account) Cost of goods sold Gross zargin 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 12,600,000 9, 3,150,000 ,590,000 560,000 360,000 1,200, 000 360, 000 840, 000 360,000 480,000 900, 000 2, 580, 000 1,560,000 1, 020,000 300, 000 720, 000 216,000 1, 504,000 252,000 252,000 1,320,000 1, 068, 000o $ 1,800,000 1,320,000 To begin your assignment you gather the following financial data and ratios that are typical of compan Company's industry Current ratio Acid-teat ratio ch
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