Required information Problem 14-15 (Static) Comprehensive Ratio Analysis [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6) (The following information applies to the questions displayed below) 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: Assets Current asset Lydex Company Comparative Balance Sheet This Year Last Year Canb Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Note payable, 10 Total liabilities Stockholders' equity Common stock, $70 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $960,000 0 2,700,000 3,900,000 240,000 7,800,000 9,300,000 $ 17,100,000 $3,900,000 3,600,000 7,500,000 7,000,000 1,800,000 9,600,000 $ 17,100,000 $ 1,260,000 300,000 1,800,000 2,400,000 180,000 5,940,000 8,940,000 $ 14,880,000 $ 2,760,000 3,000,000 5,760,000 7,800,000 1,320,000 9,120,000 $ 14,880,000