Question: stuck on both need help please Problem 14-16 (Algo) Common-Size Financial Statements [LO14-1] You have just been hired as a financial analyst for Lydex Company,
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Problem 14-16 (Algo) Common-Size Financial Statements [LO14-1] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss ha asked you to perform a comprehensive analysis of the company's financlal statements, Including comparing Lydex performance to its major competitors. The company's financial statements for the last two years are as follows: To begin your assignment you gather the following financial data and ratios that are typlcal of companles in Lydex Company's industry: Required: 1. Present the balance sheet in common-size format 2. Present the income statement in common-size format down through net income. Complete this question by entering your answers in the tabs below. Present the balance sheet in common-size format. (Round your answers to 1 decima! nlare. Due to roundina, fiqures may not fully reconcile down a column.) o begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: Required: 1. Present the balance sheet in common-size format. 2. Present the income statement in common-size format down through net income. Complete this question by entering your answers in the tabs below. Present the income statement in common-size format down through net income. (Round your answers to 1 decimal place, Due to rounding, figures may not fully reconcile down a column.)
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