PF17-32B (similar to) The McConnell Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's 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 common-size income statement and balance sheet for McConnell. The first column Begin by preparing the common-size income statement for McConnell. (Round your answers to one decimal pla McConnell Department Stores, Inc. Common-Size Income Statement Year Ended December 31, 2024 McConnell Industry Average Net Sales Revenue % 100.0 % 65.8 % % Cost of Goods Sold Gross Profit % 34.2 % 19.7 % % Operating Expenses Operating Income % 14.5 % 0.4 % Other Expenses % 14.1 % Net Income % Enter any number in the edit fields and then click Check Answer. 7 parts remaining 3 of 4 (1 complete) X frages for the Data Table e fo on-size staten McConnell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2024 Industry McConnell Average Current Assets 330,750 70.9 % 125,440 23.6 Property, Plant, and Equipment, Net Intangible Assets, Net 0.8 7,840 25,970 Other Assets 4.7 Total Assets $ 490,000 100.0 % Current Liabilities 48.1 % 226,870 108,290 Long-term Liabilities Total Liabilities 16.6 Stockholders' Equity 335,160 154,840 64.7 35.3 Total Liabilities and Stockholders' Equity $ 490,000 100.0 % Print Done Clear All apter 17 3 of 4 (1 complete) X frages for the ind i Data Table Data Table X on-size statement McConnell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2024 Industry McConnell Average $ 100.0 % 777,000 522,921 65.8 34.2 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses 254,079 163,170 19.7 90,909 14.5 3,885 0.4 Net Income $ 87,024 14.1 % Print Done Print Done Clear All