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Please assist with breaking down the requirements needed The Roost Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit
Please assist with breaking down the requirements needed
The Roost 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. E: (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 Roost for both its income statement and balance sheet. Begin by preparing a vertical analysis for Roost for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) Roost Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total i Requirements $ 782,000 528,632 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses 253,368 161,092 Print Done 92,276 4,692 87,584 Net Income $ mpare 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 sl ance sheet.) - X 0 Data Table Data Table and bala percen Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Roost Average Net Sales Revenue $ 782,000 100.0 % Cost of Goods Sold 528,632 65.8 Gross Profit 253,368 161,092 Operating Expenses Operating Income 92,276 14.5 Other Expenses 4,692 $ 87,584 14.1 % Net Income Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Roost Average Current Assets 285,180 70.9% Property, Plant, and Equipment, Net 106,680 23.6 Intangible Assets, Net 7,140 0.8 Other Assets 21,000 4.7 $ 420,000 100.0% Total Assets 34.2 ll 19.7 Current Liabilities $ 196,560 95,760 48.1 % 16.6 A 0.4 Long-term Liabilities Total Liabilities 292,320 127,680 64.7 35.3 Stockholders' Equity Total Liabilities and Stockholders' Equity $ 420,000 100.0 % Print Done Print DoneStep by Step Solution
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