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Before you begin, print out all the pages in this workbook. The financial statements of...

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Accounting

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Before you begin, print out all the pages in this workbook. The financial statements of Dandy Distributors Ltd. are shown on the "Fcl. Stmts." page. Required: 1 Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show your work. 2 From these ratios, analyze the financial performance of Dandy. Dandy Distributors Ltd. Income Statement For the Year Ended December 31, 2020 jales, net ess: Cost of goods sold Gross profit Dperating expenses Selling Salaries and benefits Delivery Office supplies Warranty Total selling General and administrative Bad debts Depreciation Professional fees Total general and adminstrative rotal operating expenses ncome (loss) from operations Dther income (expenses) Rent revenue ncome (loss) before interest and income taxes Interest expense ncome (loss) before income taxes Income taxes (recovered) vet income (loss) Pond. Pvinteibutenen Ited Dandy Distributors Ltd. Balance Sheet At December 31, 2020 Assets Liabilities Current Stockholders' Equity Common stock, \$1 per share Preferred stock, $10 per share Dandy Distributors Ltd. calnntad Cimannial Dation

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