Module 06 Assignment: Financial Statement Analysis You are an employee of a full service bookkeeping and auditing firm called Accounting Solutions. You have a client named Dan. Dan owns Dans Dependable Delivery, a national delivery service. Dan asks you to prepare a financial statement analysis for the business. Calculate the vertical and horizontal analysis for Dan's Dependable Delivery for the current year: Dan's Dependable Delivery Comparative Income Statement For the Years Ended December 31 2020 2019 "Vertical Analysis" "Horizontal Analysis" Sales 500,000 350,000 Cost of Goods Sold 254,000 162,000 Gross Profit 246,000 188,000 Selling Expenses 100,000 77,000 Administrative Expenses 55,000 41,000 Total Expenses 155,000 118,000 Income before Taxes 91,000 70,000 Income Tax Expense 18,200 14,700 Net Income 72,800 55,300 Dan's Dependable Delivery Comparative Balance Sheet For the Years Ended December 31 2020 2019 "Vertical Analysis" "Horizontal Analysis" Assets: Current Assets 50,000 38,000 Long-term Investments 1,200 1,000 Property, Plant & Equipment 100,000 90,000 Total Assets 151,200 129,000 Liabilities and Equity: Current Liabilities 24,000 18,500 Common Stock 75,000 75,000 Other Paid-In-Capital 10,000 10,000 Retained Earnings 42,200 25,500 Total Liabilities and Retained Earnings 151,200 129,000 Calculate the following key ratios for Dan's Dependable Delivery for 2020: Current Ratio Debt Ratio Profit Margin Address the following questions regarding the analysis completed for Dan's Dependable Delivery