URGENT! PLEASE ANSWER EACH QUESTION CORRECTLY. IF SO, I WILL LEAVE AN UPVOTE!

Required information [The following information applies to the questions displayed below] Lydex Company's financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current 11abilities Note payable, ex Total liabilities Stockholders equity: Common stock, $75 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity sydex Company Comparative Income Statement and Reconciliation: $940,000 2,620,000 3,580,000 250,000 7,390,000 9,480,000 $ 16,870,000 $ 3,990,000 3,600,000 7,650,000 $ 1,180,000 300,000 1,720,000 2,300,000 190,000 5,690,000 9,030,000 $ 14,720,000 $ 2,940,000 3,060,000 5,000,000 7,500,000 7,500,000 1,720,000 3,220,000 9,220,000 3,720,000 $ 16,870,000 $14,720,000 Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Net operating incone This Year $ 15,840,000 12,672,000 3,168,000 1,602,000 1,566,000 Last year $ 13,300,000 10,035,000 3,345,000 1,596,000 1,749,000 8 < Prev 3 of 3 Next