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Required information [The following information applies to the questions displayed below.] Lydex Company's financial statements...

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Accounting

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Required information [The following information applies to the questions displayed below.] Lydex Company's financial statements for the last two years are as follows: The following financial data and ratios are typical of companies in Lydex Company's industry: Required: 1. To assess the company's performance in terms of debt management and profitability, compute the following for this year and last year: Note: Round your "Percentage" answers to 1 decimal place and other answers to 2 decimal places. a. The times interest earned ratio. b. The debt-to-equity ratio. c. The gross margin percentage. d. The return on total assets. (Total assets at the beginning of last year were $13,050,000.) e. The return on equity. (Stockholder's' equity at the beginning of last year totaled $8,214,950. There has been no change in common stock over the last two years.) f. is the company's financial leverage positive or negative

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