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Requirements 1. Prepare a common-size income statement and balance sheet for Bryan Products. The first column of each statement should present the company's common-size statement,
Requirements 1. Prepare a common-size income statement and balance sheet for Bryan Products. The first column of each statement should present the company's common-size statement, and the second column should show the industry averages. 2. For the profitability analysis, compare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry? 3. For the analysis of financial position, compare Bryan Products' (a) ratios of current assets and current liabilities to total assets and (b) ratio of stockholders' equity to total assets. Compare these ratios with the industry averages. Is the company's financial position better or worse than the average for the industry? balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the equirements. averages. (Round the percentages to the nearest one-tenth percent, X.X\%. Do not enter the \% sign in any of the input fields.) Start by preparing a common-size income statement for Bryan Products, Inc. Data table Data table
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