Requirement 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. Begin by preparing a vertical analysis for Ambrose for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) Ambrose Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Net Sales Revenue Cost of Goods Sold Gross Profit Current Assets Property, Plant, and Equipment, Net Intangible Assets. Net Other Assets Total Assets 784,000 527,632 Current Liabilities Long-term Liabilities Total Liabilities 256,368 163,856 Operating Expenses Operating Income Other Expenses Net Income Prepare a vertical analysis for Ambrose for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.) Ambrose Department Stores, Inc. Balance Sh December 31. 92,512 7,056 85,456 Percent of Total Stockholders' Equity Total Liabilities and Stockholders' Equity Data Table Ambrose Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses Net Income $ Ambrose 784.000 527,632 256,368 163,856 92,512 7,056 $ 85,456 Print Done Industry Average 100.0 % 65.8 34.2 19.7 14.5 0.4 14.1% Requirement 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. Begin by preparing a vertical analysis for Ambrose for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) Ambrose Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Net Sales Revenue Cost of Goods Sold Gross Profit Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets 784,000 527,632 Current Liabilities Long-term Liabilities Total Liabilities 256,368 163,856 92,512 7,056 85,456 Operating Expenses Operating Income Other Expenses Net Income Prepare a vertical analysis for Ambrose for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.) Ambrose Department Stores, Inc. Balance Sheet December 31, 2018 Stockholders' Equity Total Liabilities and Stockholders' Equity $ $ Percent of Total $ Amount 305,550 113,400 8,550 22,500 450,000 207,900 101,700 % % 309,600 140,400 450,000 je je % % % Percent of Total % % % Requirement 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. Begin by preparing a vertical analysis for Ambrose for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) Ambrose Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses Net Income $ $ Current Liabilities Long-term Liabilities Total Liabilities Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets 784,000 527,632 256,368 163,856 92,512 7,056 85,456 Prepare a vertical analysis for Ambrose for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.) Ambrose Department Stores, Inc. Balance December Percent of Total Stockholders' Equity Total Liabilities and Stockholders' Equity Data Table Ambrose Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity $ $ $ Print Done Ambrose 305.550 113.400 8.550 22.500 450,000 207,900 101,700 309,600 140,400 450,000 Industry Average 70.9% 23.6 0.8 4.7 100.0 % 48.1 % 16.6 64.7 35.3 100.0 %