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Data table Data table (Cid the icon to ves the incima itatamuet) [Clek the kno ia whew the Ealarca sheil) Food the trathinerta (Clek his ienn le vew the inconse statement) [Click the kon lo viow the balance sheet) Read the cicaitsmiets minbos fir tla piative? Poed fie cuintaneds lectosonvel Prialecta, les. A-evpetar tia mincry (CEid the ination view the bilatie ahent) Puat the woulinnanta Medensugh Productn, the Top managers of McDonough Products, Inc. have asked you to compare the company's profit performance and finand (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. Now prepare a common-size balance sheet for McDonough Products, Inc. McDonough Products, Inc. Common-Size Balance Sheet Compared with Industry Average Requirement 2. For the profitabality analyshs, compare the company's (a) ratio of gross profit to net sales, (b) ratio of operating average for the industry? McDonough Products' common-size income statement shows that its ratios of gross profit, operating income and net income to Requlrement 3. For the analysis of financial position, compare McDonough Producte' (a) ratios of current assots and current liat financial position better or worke than the average for the industry? fitwa she Lizhinting Top managers of McDonough Products, Inc, have asked you to compare the company's profit performant (Cick the icon to view the income statement.) (Click the icon to view the balance sheet) Read the requirements. Requirement 1. Prepare a common-size income statement and balance sheet for McDonough Products. percentages to the nearest one-tenth percent, XX%. Do not enter the % sign in any of the input fields.) Start by preparing a common-size income statement for McDonough Products, Inc. Now prepare a common-size balance sheet for McDonough Products, Inc. McDonough Products, Inc. Common-Size Balance Sheet Compared with Industry Average nanagers of McDonough Products, Inc, have asked you to compare the company's profit performan Click the icon to view the income statement.) (Click the icon to view the balance sheet) the requirements. prepare a common-size balance sheet for McDonough Products, Inc. McDonough Products, Inc. Common-Size Balance Sheet Compared with Industry Average iverage for the industry? Wadonough Products' common-size income statement shows that analysis, compare the company's (a) ratio of gross profit to net sales, (b) ratio WeDonough Products' common-size income statement shows that its ratios of gross profi, operating income and nt Requirement 3. For the analyais of financial position, compare McDonough Products' (a) ratios of current assets an finenclal position bether or worse than the average for the industy? financial position better or worse than the average for the industry? McDonough Products' convmon-size baiance sheet shows that its ratios of current assets and of current tiablities to th McDonough Products, Inc. Income Statement Compared with Industry Average (Click the ken to view tha balance sheol). Pidd the igavixinata Mechonough Products, the