1.
Lydex Company Common Size Balance Sheets |
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This Year | Last Year | |||
Assets: | ||||
Cash | 5 | % | 8.2 | % |
Marketable securities | 0 | 2.1 | ||
Accounts receivable, net | 16 | 12.4 | ||
Inventory | 21.3 | 13.7 | ||
Prepaid expenses | 1.5 | 1.4 | ||
Total current assets | 43.8 | 37.8 | ||
Plant and equipment, net | 56.2 | 62.2 | ||
Total assets | 100 | % | 100 | % |
Liabilities and stockholders' equity | ||||
Liabilities | ||||
Current liabilities | 23.7 | % | 17.9 | % |
Notes payable, 10% | 21.6 | 21 | ||
Total liabilities | 45.3 | 38.9 | ||
Stockholders' equity | ||||
Common stock, $75 par value | 44.3 | 51.5 | ||
Retained earnings | 10.4 | 9.6 | ||
Total stockholders' equity | 54.7 | 61.1 | ||
Total liabilities and equity | 100 | % | 100 | % |
2.
Lydex Company Common Size Income Statements |
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This Year | Last Year | |||
Sales | 100 | % | 100 | % |
Cost of goods sold | 80 | 75 | ||
Gross margin | 20 | 25 | ||
Selling and administrative expenses | 10.8 | 11.8 | ||
Net operating income | 9.2 | 13.2 | ||
Interest expense | 2.3 | 2.3 | ||
Net income before taxes | 6.9 | 10.9 | ||
Income taxes (30%) | 2.1 | 3.3 | ||
Net income | 4.8 | % | 7.7 | % |
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety...
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: Required: 1. Present the balance sheet in common-size format. 2. Present the income statement in common-size format down through net income. Lydex Company Comparative Balance Sheet This Year...
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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: $ 820,000 2,860,000 3.640.000 270.000 7,590,000 9.600.000 $17,190,000 5 1,060,000 300.000 1,960,000 2.400.000 210.000 5,930,000 9,090.000...
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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securities $ 1,280,000 300,000 2,120,000 2,300,000 210,000 $1,040,000 3,020,000 3,680,000 270,000 Accounts receivable, net...
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: Last Year Lydex Company Comparative Balance Sheet This Year Assets Current assets: Cash $ 820,000 Marketable securities Accounts receivable, net 2,860,000 Inventory 3,640,000 Prepaid expenses 270,000 $ 1,060,000...
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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses 870,000 0 2,340,000 3,510,000 240,000 $1,110,000 300,000...
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: 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...
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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 950,000 $ 1,110,000 Marketable securities 0 300,000 Accounts receivable, net 2,500,000 1,600,000 Inventory 3,550,000...
Help! You have just been hired as a financial analyst for Lydex Company, a manutacturer 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 $ 920,000 2,540,000 3,560,000 250,000 7,270,000 9,440,000 $16,710,000 $1,250,000 300,000 1,640,000 2,100,000 190,000 5,480,000 9,010,000 $14,490,000 Assets Current...
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: Lydex Company Comparative Balance Sheet This Year Last Year $ 1,010,000 0 2,900,000 3,650,000 270,000 7,830,000 9,620,000 $17,450,000 $ 1,250,000 300,000 2,000,000 2,000,000 210,000 5,760,000 9,100,000 $14,860,000 Assets...
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: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 960,000 $ 1,200,000 Marketable securities 0 300,000 Accounts receivable, net 2,700,000 1,800,000 Inventory 3,600,000...