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The Roost Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the industry. The CEO has given you the company's income statement and balance sheet as well as the industry average data for retailers. (Click the icon to view the income statement.) = (Click the icon to view the balance sheet.) Read the requirements. C. - X Requirement 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet. Begin by preparing a vertical analysis for Roost for its income statement. (Round the percent of total amounts to one decimal place, XX% Data Table - X Data Table Roost Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Roost Average Net Sales Revenue $ 783,000 526,176 Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Cost of Goods Sold % $ 70.9 % Gross Profit % 256,824 162,081 Industry Average Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 302,850 114,300 Roost 23.6 % 0.8 Operating Expenses Operating Income Other Expenses % $ Net Sales Revenue 783,000 94,743 7,047 100.0 % 65.8 9,900 22,950 4.7 Other Assets % 526,176 Cost of Goods Sold $ 450,000 100.0 % $ 87,696 Net Income Total Assets Gross Profit % 256,824 162,081 34.2 19.7 - X 14.5 Current Liabilities $ Operating Expenses Operating Income Other Expenses Requirements 94,743 7,047 207,000 99.450 48.1 % 16.6 0.4 Long-term Liabilities Total Liabilities $ 87,696 14.1 % Net Income 306,450 143,550 64.7 35.3 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. Stockholders' Equity $ Total Liabilities and Stockholders' Equity 450,000 100.0 % Print Done Print Done Print Done Enter any TOMTOTT UTLUMITJWCI

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