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:
Lydex Company
Comparative Balance Sheet
This Year
Last Year
Assets
Current assets:
Cash
$
1,040,000
$
1,280,000
Marketable securities
0
300,000
Accounts receivable, net
3,020,000
2,120,000
Inventory
3,680,000
2,300,000
Prepaid expenses
270,000
210,000
Total current assets
8,010,000
6,210,000
Plant and equipment,...