has given you the compony's income stafement and balance sheet es well as she industry average data for retalers (Click the icon to viw the income statement) (Click the icon to virw the balance sheot.) Read the roguirements. second columin, the industry averages. Begin by preparing the common-size income statement for Ambrose. (Round your antwers to ons decimal place, X K\%) Prepare a common-size balance sheet for Ambrose. \begin{tabular}{|c|c|c|c|} \hline \begin{tabular}{r} Ambrose Depa \\ Common-Siz \\ Decemb \end{tabular} & \begin{tabular}{l} It Stores, In \\ ance Sheet \\ 2C24 \end{tabular} & & \\ \hline & Ambrose & & Industry Average \\ \hline Current Assets & & % & 70.9% \\ \hline Property, Plant, and Equipment, Net & & % & 23.6% \\ \hline Intangible Assets, Net & & % & 0.8% \\ \hline Other Assets & 1 & % & 4.7% \\ \hline Total Assets & & % & 100.0% \\ \hline Current Liabilities & & % & 48.1% \\ \hline Long-term Liabilities & 101 & % & 16.6% \\ \hline Total Liabilities & 7 & % & 64.7% \\ \hline Stockholders' Equity & & % & 35.3% \\ \hline Total Liabilities and Stockholders' Equity & & % & 100.0% \\ \hline \end{tabular} 'otal Uabilities and Stockholders' Equity \% tequirement 2. For the proftability analysis, computo Ambrose's (a) gross profit percentage and (b) profit margin ratio Compare these figures with the industry averages. Is Ambroseis prote verformance better or worse than the industry average? a) Compute Ambrose's gross profit percentage. (Round the gross prolh percentage to one decimal place, X.X..) Gross prohit percentage = (b) Compute Ambrose's proft margin ratio. (Round the profit margin ratio to one decimaif place, X.XY) Profitmarginratio== Compare these figures with the industry averages. Is Ambeose's proffi porformance better or worse than the industry average? When combaring the gross profh percentage and the profit margin ratio with the industry averages, Ambrose's proft performance is . than the industry averages for Requirement 3. For the analysis of financial position, compute Ambrose's (a) current ratio and (b) debt to equity rato. Compare these rasios wath the industry averages. Asaume the aimint raso industry average is 1.47 , and the dobt to equity industry average is 1.83 . Is Ambrose's financial position belter or woese than the industry averages? (a) Compule Ambrose's currect ratio. (Round the ratio to two docimal places, XX ) Curremt tatio =- (b) Compute Ambrase's debt to equily ratio. (Round the ratio to hwo docimal places, X0 ) Deth to equity ratio = than the industry averiges? Nrtbrese's courrent ratio is the indutry average. The debt to equity tatio is the industry werige. (1) Time Reetuining:01:30:43 hief executive officer (CEO) has asked you to compare the company's profit atement and balance sheet as well as the industry average data for retailers tatement.) (Click the icon to view the balance sheet.) Data table Data table Requirements 1. Prepare a common-size income statement and balance sheet for Ambrose. The first column of each statement should present Ambrose's common-size statement, and the second column, the industry averages. 2. For the profitability analysis, compute Ambrose's (a) gross profit percentage and (b) profit margin ratio. Compare these figures with the industry averages. Is Ambrose's profit performance better or worse than the industry average? 3. For the analysis of financial position, compute Ambrose's (a) current ratio and (b) debt to equity ratio. Compare these ratios with the industry averages. Assume the current ratio industry average is 1.47 , and the debt to equity industry average is 1.83. Is Ambrose's financial position better or worse than the industry averages
