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Selected comparative financial statement information of Danno Corporation follows. Required 1) Compute each year's current ratio, AR turnover, Inventory turnover, profit margin ratio, (Round gross

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Selected comparative financial statement information of Danno Corporation follows. Required 1) Compute each year's current ratio, AR turnover, Inventory turnover, profit margin ratio, (Round gross margin ratio, and debt to equity ratios for 2010 and 2009. (show how you did the calculations) 2) Express the income statement data in common-size percents. (Round percents to two decimals.) 3) Express the balance sheet data in trend percents with 2008 as the base year. (Round percents to two decimals.) 4) Comment on any significant relations revealed by the ratios and percents computed

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