alty 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. the icon to view the income statement.) (Click the icon to view the balance sheet.) requirements. Data table - X Data table Requirements ent 1. Pre Preparing a Spec Yea 1. Prepare a vertical analysis for Specialty for both its income statement and balance sheet. Specialty Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2024 Specialty Department Stores, Inc. Income Statement Compared with Industry Average 2. Compare the company's profit performance and financial position with the average for the industry. Specialty Industry Average Year Ended December 31, 2024 Current Assets $ 309,580 70.9 % Specialty Industry Average Property, Plant, and Equipment, Net 118,680 23.6 Net Sales Revenue $ 781,000 100.0 % Revenue Goods Sol Intangible Assets, Net 8,280 0.8 Cost of Goods Sold 527,956 65.8 Print Done 23,460 4.7 Other Assets Gross Profit 253,044 34.2 fit 460,000 100.0% Total Assets 160,886 19.7 Expenses Income 92,158 % 7,029 % $ 85,129 % Denses ne vertical analysis for Specialty for its balance sheet. (Round the percent of total amounts to one decimal place, X.X, Specialty Department Stores, Inc. Balance Sheet December 31, 2024 Current Liabilities Long-term Liabilities Total Liabilities 210,680 48.1% 103,960 16.6 314,640 64.7 Stockholders' Equity 145,360 35.3 $ 460,000 100.0 % Total Liabilities and Stockholders' Equity Operating Expenses Operating Income Other Expenses 92,158 14.5 7,029 0.4 S 85,129 14.1% Net Income Print Done Amount Percent of Total ssets 309,580 % Plant, and Equipment, Net 118,680 % Print Done The Specialty 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. Requirement 1. Prepare a vertical analysis for Specialty for both its income statement and balance sheet. Begin by preparing a vertical analysis for Specialty for its income statement. (Round the percent of total amounts to one decimal place, X.X, and do not enter the %. For example, enter 10.1% as 10.1.) Specialty Department Stores, Inc. Income Statement Year Ended December 31, 2024 Amount Percent of Total Net Sales Revenue $ 781,000 % Cost of Goods Sold 527,956 % Gross Profit 253,044 160,886 Operating Expenses Operating Income 92,158 7,029 Other Expenses Net Income 85,129 Prepare a vertical analysis for Specialty for its balance sheet. (Round the percent of total amounts to one decimal place, X.X, and do not enter the %. For example, enter 10.1% as 10.1.) Specialty Department Stores, Inc. Balance Sheet December 31, 2024 Amount Percent of Total Current Assets $ 309,580 % Property, Plant, and Equipment, Net 118,680 % Intangible Assets, Net 8,280 % Other Assets 23,460 % $ 460,000 Total Assets % Current Liabilities $ 210,680 % Long-term Liabilities 103,960 % Total Liabilities 314,640 % Stockholders' Equity 145,360 % Total Liabilities and Stockholders' Equity $ 460,000 % Requirement 2. Compare the company's profit performance and financial position with the average for the industry. Specialty's gross profit percentage and profit margin ratio are both The company showed a slightly the industry average, which indicates a(n) profit performance as compared with the industry. investment in fixed and intangible assets than the industry average. The company's percentage of debt to total assets is than the industry, which would generally indicate a financial position than the average for the industry