Lydex Companys financial statements for the last two years are as follows:Lydex CompanyComparative Balance Sheet This YearLast YearAssets Current assets: Cash$ $ Marketable securitiesAccounts receivable, netInventoryPrepaid expensesTotal current assetsPlant and equipment, netTotal assets$ $ Liabilities and Stockholders\' Equity Liabilities: Current liabilities$ $ Note payable, Total liabilitiesStockholders\' equity: Common stock, $ par valueRetained earningsTotal stockholders\' equityTotal liabilities and stockholders\' equity$ $ Lydex CompanyComparative Income Statement and Reconciliation This YearLast YearSales all on account$ $ Cost of goods soldGross marginSelling and administrative expensesNet operating incomeInterest expenseNet income before taxesIncome taxes Net incomeCommon dividendsNet income retainedBeginning retained earningsEnding retained earnings$ $ The following financial data and ratios are typical of companies in Lydex Companys industry:Current ratio Acidtest ratio Average collection perioddaysAverage sale perioddaysReturn on assets Debttoequity ratio Times interest earned ratio Priceearnings ratio Problem Part AlgoRequired: To assess the companys performance in terms of debt management and profitability, compute the following for this year and last year:Note: Round your \"Percentage\" answers to decimal place and other answers to decimal places.The times interest earned ratio.The debttoequity ratio.The gross margin percentage.The return on total assets. Total assets at the beginning of last year were $The return on equity. Stockholders equity at the beginning of last year totaled $ There has been no change in common stock over the last two years.Is the companys financial leverage positive or negative?