= Homework: Co... Question 2, PD-31B (sim... HW Score: 7.5%, 7.5 of 100 points O Points: 0 of 30 Part 1 of 4 Save The Ambrose 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 TEET Requirement 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet Begin by preparing a vertical analysis for Ambrose for its income statement. (Round the percent of total amounts to one decimal place, XX%) Ambrose Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue $ % 781.000 527 956 Cost of Goods Sold Gross Profit 253,044 164,010 % Operating Expenses Operating Income 89,034 % Help me solve this Calculator Print Clear all Check answer To see what to study next. go to your Study Plan o arch 74F Clear Points: 0 of 30 Save The Ambrose 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 ir (Click the icon to view the income statement.). Click the ic Data table X Read the requirements Ambrose Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Ambrose Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Ambrose Average $ % 781,000 527 956 $ Net Sales Revenue Cost of Goods Sold Gross Profit 70.9% Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 311,420 115,920 236 % 253,044 164,010 0.8 20 Operating Expenses Operating Income 11.040 21,620 Other Assets 89,034 3.905 $ 460,000 Total Assets Other Expenses 100.0% 85,129 Net Income Help me solve this Calculator Print Print Done To see what to study next. go to your Study Plan arch o met 9 74F Clear Data table Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Average Ambrose Net Sales Revenue S 100.0 % 781,000 527,956 65.8 Cost of Goods Sold Gross Profit 34.2 253,044 164,010 19.7 Operating Expenses Operating Income 89.034 14.5 Other Expenses 0.4 85,129 14.1 % Net Income Print Done 30 to your sheet as well as the industry av (Click the icon to view the balance sheet.) ats Requirements 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet 2. Compare the company's profit performance and financial position with the average for the industry. Print Done 5995 06 85.129 90 Calculator Print Clear all