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: Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Lydex Company Comparative Balance Sheet This Year Last Year $ 940,000 0 Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% Total liabilities Stockholders' equity: Common stock, $75 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company 2,620,000 3,580,000 250,000 7,390,000 9,480,000 $ 16,870,000 $ 3,990,000 3,660,000 7,650,000 7,500,000 1,720,000 9,220,000 $ 16,870,000 $ 1,180,000 300,000 1,720,000…

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 CompanyComparative Balance Sheet   This Year Last Year Assets         Current assets:         Cash $ 1,010,000 $ 1,250,000 Marketable securities   0   300,000 Accounts receivable, net   2,900,000   2,000,000 Inventory   3,650,000   2,000,000 Prepaid expenses   270,000   210,000 Total current assets   7,830,000   5,760,000 Plant and equipment, net   9,620,000   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 liabilities   7,760,000   6,180,000…

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 CompanyComparative Balance Sheet   This Year Last Year Assets         Current assets:         Cash $ 1,010,000 $ 1,250,000 Marketable securities   0   300,000 Accounts receivable, net   2,900,000   2,000,000 Inventory   3,650,000   2,000,000 Prepaid expenses   270,000   210,000 Total current assets   7,830,000   5,760,000 Plant and equipment, net   9,620,000   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 liabilities   7,760,000   6,180,000…

Highland is a brewing company, which has been in existence over the years. With your finance background, a friend has requested you with the interest to invest in the company. Presented below is the financial statement for Highland. Required: You are required to calculate and interpret all relevant ratios for Highland Company Limited, stating all assumptions made and showing all workings to assist your friend in making his decision. Highland Company Limited Statement of Comprehensive Income for the year ended 30th June 2021   2021 (GH¢ '000) 2020 (GH¢ '000) Revenue 321,017 292,318 Cost of Sales (228,793) (192,923) Gross Profit 92,224 99,395   Advertising and marketing expenses   (28,986)   (24,895) Administrative expenses (13,350) (14,022) Other expenses (20,810) (20,197)   Other Income   2,085   339 Results from operating activities 31,163 40,620   Finance income   815   354 Finance cost (4,110)…

This excerpt is based on a case study related to Southwest Airlines company limited, one of the world’s largest transport companies. The vision of the business is to connect people to what's important in their lives through friendly, reliable, and low-cost air travel. In 2000 a finance expert was appointed as CFO of Southwest Airlines. In the first year of his engagement, his advice helped the company doubled their EBIT by 20%.    Recently, you have been appointed by Ghana Cocoa Board as the CFO. You’ve just received an email from the head of Public Relations department, referencing a statement posted on a popular social media site on what the CFO of Southwest Airlines accomplished:   “In early 2001, when oil prices were close to $20 per barrel, a hedging strategy was developed to protect the airline from a surge in oil prices. By the time oil prices soared above $30 per barrel later that year, Southwest had signed contracts guaranteeing a price for its fuel equivalent to $23 per…

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 $ 1,020,000 $ 1,320,000 300,000 2,040,000 2,100,000 210,000 Marketable securities Accounts receivable, net Inventory Prepaid expenses 2,940,000 3,660,000 270,000 7,890,000 9,640,000 5,970,000 9,110,000 Total current assets Plant and equipment, net Total assets $17,530,000 $ 15,080,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 4,070,000 3,700,000 $ 2,450,000 3,100,000 Note payable, 10% Total liabilities 7,770,000 5,550,000 Stockholders' equity: Common stock, $75 par value Retained earnings 7,500,000 2,260,000 7,500,000 2,030,000 Total…

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 Sheet   This Year Last Year   Assets           Current assets:              Cash $ 945,000     $ 1,250,000          Marketable securities   0       300,000          Accounts receivable, net   2,900,000       2,000,000          Inventory   3,650,000       2,000,000          Prepaid expenses   270,000       210,000                 Total current assets   7,765,000       5,760,000       Plant and equipment, net   9,620,000       9,100,000                 Total assets $ 17,385,000     $ 14,860,000                 Liabilities and Stockholders' Equity           Liabilities:…

hey I need help figuring out the numbers for these accounting homework assignments. Clint M. Invests $30,000. Into Merle company. The effect to Liabilities would be: ( Type your numeric number) Clint M. Invests $30,000 into Merle Company. The effect to Equity would be: (Type your numeric number) Merle company purchases s piece of equipment for $5,000 on account. The effect to Assets would be: (Type your numeric answer) Merle company purchases a piece of equipment for $5,000. The effect to Liabilities would be: (Type your numeric answer) Merle Company purchases a piece of equipment for $5,000 on account. The effect to Equit would be: (type your numeric answer)

You have recently been employed as a young Finance Director of Cloud 9 Ltd which is in the production of farm equipment and as part of the company's annual exercise to review the growth of the company, you are expected to write a recommendation letter to advise Managing Director and entire management on the future of the business operations. The financials below are to assist you in the best possible way with critical analytical tools to make an informed suggestion to the team. CLOUD 9 LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31 2020 2019 2018 Turnover 373,578 424,486 456,300 Cost of sales (253,604) (254,210) (198,900) Gross profit 119,974 170,276 257,400 Impairment of financial assets (2,477) (1,800) Distribution costs (87,036) (91,309) Administrative expenses (32,556) (50,656) Other operating income 2,369 10,039 Operating profit 274 36,550 Finance income 2,594 4,949 Finance costs (2,069) (2,765) Profit before income tax 799 38,734 Income tax expense (285)…