Question: To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: a. Working capital b.


To begin your assignment you gather the following financial data and ratios that are typical of companies in Lydex Company's industry: a. Working capital b. The current ratio. (Round your final answers to 2 decimal places.) C. The acid-test ratio. (Round your final answers to 2 decimal places.) d. The average collection period. (The accounts recetvable at the beginning of last year totaled $1,750.000 ) (Use 365 doys in a year. Round your intermediate calculations and finel answers to 2 decimal place.) e. The average sale period (The irventoly at the beginning of last year totaled $2.110,000 ) (Use 365 days in a year, Round your intermediate calculations and final onswers to 2 decimal plece.) 1. The operating cycle. (Round your intermediate calculations and final answers to 2 decimal place.) 9. The total assef turnover. (The total assets at the beginning of last year totaled $13,150,000 ) (Round your final answers to 2 decimal ploces.) 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
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