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 companycomparative balance sheetthis yearlast year assets current assets: cash$1,010,000 $1,250,000 marketable securities0 300,000 accounts receivable, net2,900,000 2,000,000 inventory3,650,0002,000,000 prepaid expenses270,000 210,000 total current assets7,830,000 5,760,000 plant and equipment, net9,620,000 9,100,000 total assets$17,450,000 $14,860,000 liabilities and stockholders' equity liabilities: current liabilities$4,060,000 $3,080,000 note payable, 10%3,700,000 3,100,000 total liabilities7,760,000 6,180,000 stockholders' equity: common stock, $70 par value7,000,000 7,000,000 retained earnings2,690,000 1,680,000 total stockholders' equity9,690,000 8,680,000 total liabilities and stockholders' equity$17,450,000 $14,860,000 lydex companycomparative income statement and reconciliationthis yearlast year sales (all on account)$15,910,000 $14,080,000 cost of goods sold12,728,000 10,560,000 gross margin3,182,000 3,520,000 selling and administrative expenses912,000 1,624,000 net operating income2,270,000 1,896,000 interest expense370,000 310,000 net income before taxes1,900,000 1,586,000 income taxes (30%)570,000 475,800 net income1,330,000 1,110,200 common dividends320,000 555,100 net income retained1,010,000 555,100 beginning retained earnings1,680,000 1,124,900 ending retained earnings$2,690,000 $1,680,000 to begin your assigment you gather the following financial data and ratios that are typical of companies in lydex company’s industry: current ratio2.3 acid-test ratio1.1 average collection period32days average sale period60days return on assets9.8% debt-to-equity ratio.66 times interest earned ratio5.8 price-earnings ratio102.you decide next to assess the company’s stock market performance. assume that lydex’s stock price at the end of this year is $104 per share and that at the end of last year it was $72. for both this year and last year, compute: (round your intermediate calculations and final percentage answers to 1 decimal place. i. e., 0.123 should be considered as 12.3%. round the rest of the intermediate calculations and final answers to 2 decimal places.)a. the earnings per share. b.the dividend yield ratio. c.the dividend payout ratio. d.the price-earnings ratio. e.the book value per share of common stocthis yearlast yeara. b.%%c.%%d. e.3.you decide, finally, to assess the company’s liquidity and asset management. for both this year and last year, compute: (use 365 days in a year. round "days" intermediate calculations and final answers to 1 decimal place. round all other intermediate calculations and final answers to 2 decimal places.)a. working capital. b.the current ratio. c.the acid-test ratio. d.the average collection period. (the accounts receivable at the beginning of last year totaled $1,720,000.)e. the average sale period. (the inventory at the beginning of last year totaled $2,080,000.)f. the operating cycle. g.the total asset turnover. (the total assets at the beginning of last year totaled $14,660,000.)this yearlast yeara. b.c. d.daysdayse. daysdaysf. daysdaysg.