Question: Please answer the blanks in both tables. connect ECONOMICS Problem 15-15 Comprehensive Ratio Analysis (L 015-2, LO15-3, L015-4, LO15-5, LO15-6 The following information applies to
connect ECONOMICS Problem 15-15 Comprehensive Ratio Analysis (L 015-2, LO15-3, L015-4, LO15-5, LO15-6 The following information applies to the questions displayed belom You have Just been hired as a inancial anayst 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 performence 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 Assets Current assets Cash Marketable securties Accounts receivable, net Invemory Prepald expenses 870.000 1:10.,000 300,000 1440,000 2,100,000 180,000 2.340,000 3.510,000 240.000 6.960,000 ,340,000 Total current assets Pient and equipment, net Total assets 8960,000 14.090000 $ 16.300.0 Liabilities and Stockolders' Equity Liabilities Current lablities Note payable, 10% $ 3920.000 2.800.000 3000.00o 3,600.000 7520000 5800.000 Total liebilities Stockholders equity Common stock, $70 par value Retained earnings 000.000 7.000,000o Total stockholdersequity Total liabltes and stockholders equity $ 16.300.000 14.090.000 Lydex Company Comperative Income Statement and R This Year Lest Year S 15,77000012.680.000 Sales (all on account Cost off goods sold Gross margin Selling and adminisative expenses Net operating income Interest expense Not income before texes income taxes (30%) 9.510.000 3154000 3370,000 1568.000 300.000 390600 455,700 120000O 360,000 350000 Common dividends Net income retained Beginning retained eanings Endng retained eemings 455700 834 300 $ 1780,000 1290000 To begin your assignment you gather the following financial dats and ratios that are typical of companies in Lydex Companys industry Current ratio 2.3 1.0 Average collection peniod Average sale period Return on assets Debt-to-equity ratio Times interest earned rano 30 days 60 days 83% 07 5.9
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