1. Prepare a common-size income statement and balance sheet for Bryan Products. The first column of each statement should present Bryan Products' common-size statement, and the second column should show the industry averages.

2. For the profitability analysis, compare Bryan Products' (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is Bryan Products' profit performance better or worse than the average for the industry?

3. For the analysis of financial position, compare Bryan Products' (a) ratios of current assets and current liabilities to total assets and (b) ratio of stockholders' equity to total assets. Compare these ratios with the industry averages. Is Bryan Products' financial position better or worse than the average for the industry?