= Homework: ... Question 2, PD-31B (sim. Part 2 of 4 HW Score: 29.46%, 29.46 of 100 points Points: 9.55 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 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 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 Percent of Total Amount Net Sales Revenue $ 100.0 % 781,000 527 956 676 % Cost of Goods Sold Gross Profit 253.044 164 010 Operating Expenses Operating Income 324 % 21.0 % 114 % 89.034 Calculator Print Help me solve this Clear all Check answe - X Data table Ince avi Ambrose Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Average Ambrose Malp Net Sales Revenue S 781 000 527 956 100.0 % 65.8 Cost of Goods Sold 342 Gross Profit 253.044 164 010 19.7 Operating Expenses Operating Income 89,034 Other Expenses Print Done 29.46 of 10 Data table Current Assets OZU TUJ70 Property, Plant, and Equipment, Net Intangible Assets, Net 115,920 23.6 Other Assets 11.040 21,620 0.8 4.7 Total Assets $ 460,000 100.0 % Current Liabilities - 5 48.1 % 210.680 105,800 16.6 Long-term Liabilities Total Liabilities 647 316.480 143.520 353 Stockholders' Equity Total Liabilities and Stockholders Equity 3 460.000 100.0% Print Done 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 164 010 21.0 % 89.034 11.4 % (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. - December 31, 2018 Amount Percent of Total Current Assets $ 67.7 % H Property, Plant, and Equipment, Net Intangible Assets, Net 311,420 115,920 11,040 21.620 25.2 % 2.4 % 4.1 % Other Assets 460,000 100.0 Total Assets % Ang Current Liabilities Long-term Liabilities Total Liabilities 210.680 105.800 % 316.480 143.520 Stockholders' Equity 90 Help me solve this Calculator Print ARCH HALL
