Question: Using the financial statement, prepare a horizontal analysis, vertical analysis, calculate the return on equity using the DuPont model and calculate the sustainable growth rate.

Using the financial statement, prepare a horizontal analysis, vertical analysis, calculate the return on equity using the DuPont model and calculate the sustainable growth rate.

ASSETS: 2020 2019
Current Assets
Cash & Equivalents 283,134.00 63,624.00
Marketable Securities 572,060.00 112,777.00
Accounts Receivable - Net 120,435.00 63,613.00
Deferred acquisition costs 44,885.00 26,453.00
Prepaids 75,008.00 10,252.00
Total Current Assets 1,095,522.00 276,719.00
Deferred contract costs (noncurrent) 46,245.00 29,063.00
PPE 57,138.00 37,275.00
Operating Lease rights 68,608.00 -
Other noncurrent assets 22,332.00 11,508.00
Total Assets 1,289,845.00 354,565.00
Current Liabilities:
AP 1,596.00 4,963.00
Accrued Expenses 122,692.00 32,256.00
Deferred Revenue 209,542.00 115,122.00
Total Current Liabilities 333,830.00 152,341.00
Deferred Revenue (noncurrent) 20,994.00 10,651.00
Operating Lease Liabilities (noncurrent) 64,792.00 -
Other noncurrent Liabilities 36,286.00 39,460.00
Total Liabilities 455,902.00 202,452.00
Common Stock 277.00 89.00
Additional Paid in Capital 832,705.00 162,312.00
Accumulated OCI 809.00 (135.00)
Retained Earnings 152.00 (10,153.00)
Total Stockholders' Equity 833,943.00 152,113.00
Total Liabilities + Equity 1,289,845.00 354,565.00

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