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 Percent of Total $ Net Sales Revenue Cost of Goods Sold Gross Profit 784,000 527.632 256,368 163,856 Operating Expenses Operating Income 92,512 7,056 Other Expenses 85,456 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. 0 Data Table Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets Current Liabilities Ambrose Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Ambrose Average Net Sales Revenue 784.000 100.0% Cost of Goods Sold 527.632 Gross Profit 256,368 34.2 Operating Expenses 163,856 Operating Income 92,512 Other Expenses 7,056 85,456 Net Income 65.8 Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity Print Done 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 Percent of Total Net Sales Revenue 784,000 527,632 Cost of Goods Sold Gross Profit 256,368 163,856 Operating Expenses Operating Income 92,512 7,056 Other Expenses 85,456 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 Amount Percent of Total Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 305,550 113.400 8,550 22,500 450,000 Other Assets $ Total Assets Current Liabilities 207,900 101,700 Long-term Liabilities Total Liabilities Stockholders' Equity 309,600 140,400 450,000 Total Liabilities and Stockholders' Equity $ 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 Percent of Total Net Sales Revenue $ 784,000 527,632 Cost of Goods Sold Gross Profit 256,368 163,856 Operating Expenses Operating Income Other Expenses 92,512 7,056 85,456 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 December 0 Data Table Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Ambrose Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Ambrose Average Other Assets Total Assets $ Current Liabilities Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 305,550 113.400 8.550 22.500 450,000 70.9% 23.6 0.8 Long-term Liabilities Total Liabilities Other Assets 4.7 Stockholders' Equity 100.0% Total Assets Total Liabilities and Stockholders' Equity Current Liabilities 207,900 101,700 48.1 % 16.6 Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 309,600 140.400 64.7 35 3 $ 450,000 100.0 % Print Done