Read the requirements. Requirements Data table Roost Department Stores, Inc. Balance Sheet Compared with Industry Average 1. Prepare a common-size income statement and balance sheet for Roost. The first column of each statement should present Roost's common-size statement, and the second column, the industry averages. 2. For the profitability analysis, compute Roost's (a) gross profit percentage and (b) profit margin ratio. Compare these figures with the industry averages. Is Roost's profit performance better or worse than the industry average? 3. For the analysis of financial position, compute Roost's (a) current ratio and (b) debt to equity ratio. Compare these ratios with the industry averages. Assume the current ratio industry average is 1.47, and the debt to equity industry average is 1.83. Is Roost's financial position better or worse than the industry averages? Total Assets Print Done Roost Department Stores, Inc. Common-Size Balance Sheet December 31, 2024 Roost Industry Average % 70.9% 23.6 % % 0.8% Current Assets Property, Plant, and Equipment, Net Intangible Assets Not Data table December 31, 2024 Roost Industry Average Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2024 Current Assets $ Property, Plant, and Equipment, Net 331,240 127,890 70.9% Industry 23.6 Roost Average Intangible Assets, Net 4,900 0.8 Net Sales Revenue 777,000 100.0 % 25,970 4.7 Other Assets Cost of Goods Sold 522,144 65.8 $ 490,000 100.0 % Gross Profit 254,856 34.2 163,170 19.7 Operating Expenses Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity 226,380 48.1% Operating Income 91,686 14.5 109,760 16.6 6,993 0.4 Other Expenses 336,140 64.7 84,693 14.1 % Net Income 153,860 35.3 490,000 100.0 % Total Liabilities and Stockholders' Equity Print Done Print Done Requirement 1. Prepare a common-size income statement and balance sheet for Roost. The first column of each statement should present Roost's common-size statement, and the second column, the industry averages. Begin by preparing the common-size income statement for Roost. (Round your answers to one decimal place, X.X%.) Roost Department Stores, Inc. Common-Size Income Statement Year Ended December 31, 2024 Net Sales Revenue Roost Industry Average % Cost of Goods Sold Gross Profit 100.0 % 65.8% 34.2% 19.7 Operating Expenses % % Operating Income 14.5 % Other Expenses % 0.4% 14.1 % Net Income Prepare a common-size balance sheet for Roost. (Round your answers to one decimal place, X.X%.) Roost Department Stores, Inc. Common-Size Balance Sheet Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets December 31, 2024 Roost Industry Average % 70.9% % 23.6% % 0.8% 4.7 % % 100.0% % Current Liabilities Long-term Liabilities % 48.1 % 16.6 % % Total Liabilities % 64.7 % 35.3 % Stockholders' Equity % 100.0% Total Liabilities and Stockholders' Equity Requirement 2. For the profitability analysis, compute Roost's (a) gross profit percentage and (b) profit margin ratio. Compare these figures with the industry averages. Is Roost's profit performance better or worse than the industry average? (a) Compute Roost's gross profit percentage. (Round the gross profit percentage to one decimal place, X.X%.) Gross profit percentage % (b) Compute Roost's profit margin ratio. (Round the profit margin ratio to one decimal place, X.X%.) Profit margin ratio % Compare these figures with the industry averages. Is Roost's profit performance better or worse than the industry average? When comparing the gross profit percentage and the profit margin ratio with the industry averages, Roost's profit performance is than the industry averages for Requirement 3. For the analysis of financial position, compute Roost's (a) current ratio and (b) debt to equity ratio. Compare these ratios with the industry averages. Assume the current ratio industry average is 1.47, and the debt to equity industry average is 1.83. Is Roost's financial position better or worse than the industry averages? (a) Compute Roost's current ratio. (Round the ratio to two decimal places, X.XX.) Current ratio (b) Compute Roost's debt to equity ratio. (Round the ratio to two decimal places, X.XX.) Debt to equity ratio Compare these ratios with the industry averages. Assume the current ratio industry average is 1.47 and the debt to equity industry average is 1.83. Is Roost's financial position better or worse than the industry averages? Roost's current ratio is the industry average. The debt to equity ratio is the industry average