A 1] D ratio E F G H Please complete the Exercise as follows: Selected comparative financial statement information of Danno Corporation follows. DANNO CORPORATION Comparative Income Statements For Years Ended December 31, 2020, 2019, and 2018 2020 Sales $ Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 2019 2018 392,000 $ 300,304 $ 208,400 235,984 190,092 133,376 156,016 110,212 75,024 55,664 41,442 27,509 35,280 26,427 17,297 90,944 67,869 44,806 65,072 42,343 30,218 12,103 8,680 6,134 52,969 $33,663 $24,084 Assets DANNO CORPORATION Comparative Balance Sheets For Years Ended December 31, 2020, 2019, and 2018 2020 2019 2018 Current assets 53,776 $ 42,494 $ 55,118 Long-term investments Plant assets, net 99,871 400 106,303 4,110 64,382 Total assets $ 153,647 $149,197 $123,610 Liabilities and Equity Current liabilities 22,432 $22,230 $ 21,632 Common stock 70,000 70,000 52,000 Other paid-in capital 8.750 8,750 5,778 Retained earnings 52,465 48,217 44,200 Total abilities and equity 153,647 $149,197 $123,610 Required Compute each year's current ratio. (Round ratio amounts to one decimal.] 27 Express the income statement data and balance sheet data in common-size percents. (Round percents to two decimals.) 37 Express the balance sheet data only in trend percents with 2018 as the base year. (Round percents to two decimals.) 47 Comment on any significant relations revealed by the ratios and percents computed. Check: (3) 2020, Total assets trend, 124.30% > 1-4 5 6 7 DQ QS EX PR BYN Cl dy Accessibility: Investigate