Question: The following data represent selected information from the comparative income statement and balance sheet for Dunkin Company for the years ended December 31, 2011 and

The following data represent selected information from the comparative income statement

The following data represent selected information from the comparative income statement and balance sheet for Dunkin Company for the years ended December 31, 2011 and 2010: Required: Calculate the following ratios for 2011 and 2010: Current ratio Rate of return on net sales Acid-test ratio Days' sales in receivables to the nearest day (using 365 days in a year) Debt ratio Perform Horizontal and Vertical Analyses for the following accounts for 2011 and 2010: Cash Net A/R Gross Profit Net Income Extra Credit: Based on your answers above, is Dunkin doing better or worse in 2011? What line item would you like to get more detail about and why

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