Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 an Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Roost Average lep Industry Roost Average Current Assets $ 331,240 70.9 % Net Sales Revenue $ 777,000 522,144 100.0 % 65.8 23.6 Cost of Goods Sold Property, Plant, and Equipment, Net Intangible Assets, Net 123,480 9,310 0.8 Gross Profit 254,856 34.2 25,970 4.7 Other Assets 163,170 19.7 $ Operating Expenses Operating Income 490,000 100.0 % Total Assets 14.5 91,686 6,993 Other Expenses 0.4 Current Liabilities $ 48.1 % $ 84,693 14.1 % Net Income 229,320 110,740 16.6 Long-term Liabilities Total Liabilities 340,060 64.7 35.3 Stockholders' Equity 149,940 Print Done $ 490,000 100.0 % Total Liabilities and Stockholders' Equity Print Done nter any number in the edit fields and then click Check Answer. The Roost Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the industry. The CEO has given you the company's income statement and balance sheet as well as the industry average data for retailers. (Click the icon to view the income statement.) : (Click the icon to view the balance sheet.) Read the requirements. CE Requirement 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet. Begin by preparing vertical analysis for Roost for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) - X Data Table Roost Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue $ % 777,000 522,144 Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Cost of Goods Sold % Gross Profit % 254,856 163,170 % Industry Average Roost Operating Expenses Operating Income % 91,686 6,993 Current Assets $ 70.9% Other Expenses 331,240 123,480 % 23.6 $ 84,693 Net Income Property, Plant, and Equipment, Net Intangible Assets, Net % 9,310 0.8 25,970 4.7 Other Assets $ 490,000 100.0 % Total Assets Current Liabilities $ 229,320 110,740 48.1 % 16.6 Long-term Liabilities Enter any number in the edit fields and then click Check Answer. Total Liabilities 64.7 340,060 149,940 35.3 Stockholders' Equity Help Me Solve This DemoDocs Example Gel Check Answer $ 490,000 100.0 % Total Liabilities and Stockholders' Equity - X mpany's profit performance and financial position with the averages for the industry. The erage data for retailers. Requirements 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet 2. Compare the company's profit performance and financial position with the average for the industry. boot - X Table Print Done Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Net Sales Revenue $ % 777,000 522,144 % Cost of Goods Sold Gross Profit Industry Average Roost % 254,856 163,170 $ Current Assets % 331,240 70.9% Operating Expenses Operating Income Other Expenses % 123,480 23.6 91,686 6,993 Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets 9,310 % 0.8 $ 84,693 25,970 4.7 Net Income % $ 490,000 100.0 % Total Assets Current Liabilities $ 48.1 % 229,320 110,740 16.6 Long-term Liabilities Total Liabilities 64.7 340,060 149,940 35.3 Enter any number in the edit fields and then click Check Answer. Stockholders' Equity $ 490,000 100.0 % Total Liabilities and Stockholders' Equity