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Prepare a common-size balance sheet for Russell. (Round your answers to one decimal pla Data Table Russell Department Stores, Inc. Common-Size Balance Sheet Russell Department

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Prepare a common-size balance sheet for Russell. (Round your answers to one decimal pla Data Table Russell Department Stores, Inc. Common-Size Balance Sheet Russell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Russell Average December 31, 2018 Russell Industry Average Current Assets % 70.9 % $ 323,520 70.9 % % 23.6 % Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Property, Plant, and Equipment, Net Intangible Assets, Net 23.6 Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Russell Average % 125,760 5,280 25,440 0.8 % 4.7 % 0.8 4.7 Other Assets % Other Assets 100.0% $ 100.0 % Total Assets 480,000 Total Assets Net Sales Revenue $ % 100.0 % 777,000 524,475 Cost of Goods Sold 65.8 Current Liabilities % Current Liabilities $ Gross Profit 252.525 34.2 48.1 % 16.6 % 221,760 105,600 48.1 % 16.6 160,839 19.7 % Long-term Liabilities Long-term Liabilities Total Liabilities Operating Expenses Operating Income % Total Liabilities 327,360 64.7 64.7 % 35.3% 91,686 5,439 14.5 0.4 Stockholders' Equity 152,640 Stockholders' Equity 35.3 % Other Expenses 100.0% $ 480,000 100.0 % $ 86,247 14.1 % Total Liabilities and Stockholders' Equity Total Liabilities and Stockholders' Equity Net Income

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