RANDALL DEPARTMENT STORES, INC Income Statement compared with Industry Average Year Ended December 21, 2020 Randall Industry Average Net Sales Revenue $800.000 100 Cast of Goods Sold 627,200 674 Gross Profit 172 800 32 Operating Expenses 95.000 209 Operating Income 77.800 Other Expenses 3.054 Net Income 56976 10 RANDALL DEPARTMENT STORES.INC Balance Sheet 31-Dec-20 Randall Induttorage Current Assets 5300.000 Property. Plant and ment. Nee 150.000 25 Intan Assets 8.400 die 7.300 Angels 4.00 100 323000 IN 18 5S e Please refer to the Income Statement and Balance Sheet above and perform the following. 1. Prepare a vertical analysis for both the income statement and balance sheet. 2. Write a paragraph comparing the company's performance with the industry average. 3. Compute the following ratios and comment on what the results mean when evaluating the company: Current ratio The gross profit percentage ratio Debt ratio Profit margin ratio RANDALL DEPARTMENT STORES, INC. Income Statement compared with Industry Average Year Ended December 31, 2020 Randall Industry Average Net Sales Revenue $800,000 100 % Cost of Goods Sold 627,200 67.4 Gross Profit 172,800 32.6 Operating Expenses 95,000 20.9 Operating Income 77,800 11.7 Other Expenses 8,054 0.8 Net Income $69.746 10.9 % RANDALL DEPARTMENT STORES, INC. Balance Sheet 31-Dec-20 Randall Industry Average Current Assets $300,000 68 de % Property, Plant, and Equipment, Net 130,600 25.2 Intangible Assets, Net 8,400 1 Other Assets 7,500 5.8 Total Assets 446,500 100 de % Current Liabilities $230,000 65 % Long-term Liabilities 95.000 17 Total Liabilities 325,000 82 Stockholders' Equity 121,500 18 Total Liabilities and Stockholders' Equity $446,500 100 %6 e Please refer to the Income Statement and Balance Sheet above and perform the following. 1. Prepare a vertical analysis for both the income statement and balance sheet. 2. Write a paragraph comparing the company's performance with the industry average. 3. Compute the following ratios and comment on what the results mean when evaluating the company: Current ratio The gross profit percentage ratio Debt ratio Profit margin ratio