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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

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 3120202019Vertical AnalysisHorizontal Analysis Sales500,000350,000 Cost of Goods Sold254,000162,000 Gross Profit246,000188,000 Selling Expenses100,00077,000 Administrative Expenses55,00041,000 Total Expenses155,000118,000 Income before Taxes91,00070,000 Income Tax Expense18,20014,700 Net Income72,80055,300 Dan's Dependable Delivery Comparative Balance Sheet For the Years Ended December 3120202019Vertical AnalysisHorizontal Analysis Assets: Current Assets50,00038,000 Long-term Investments1,2001,000 Property, Plant & Equipment100,00090,000 Total Assets151,200129,000 Liabilities and Equity: Current Liabilities24,00018,500 Common Stock75,00075,000 Other Paid-In-Capital10,00010,000 Retained Earnings42,20025,500 Total Liabilities and Retained Earnings151,200129,000 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:

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