Rost Department Stores' chiet executive ofticer (CEO) has asked you to compare the company's profit performance and financial position with the average for the incustry. Thu CEO has given you the company's income statoment and balance sheot, as wel as the industry average data for retailors. (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the reavinements. Requirement 1. Prepare a common-size income statement and balance sheet for Rost Department Stores. The first column of each statement should present Rost Department Stores' common-size statement, while the second column should present the industry averages. (Round your answers to two decimal places, X x.X.) Start with preparing a common-size income statement Rost Department Stores, Inc. Common-Size income Statement Compared to Industry Average Now prepare a common-size balance sheet for Rost. (Round your answors to two decimal places, X.XX.) Now prepare a common-size balance sheet for Rost. (Round your answers to two decimal places, X.XX.) Rost Department Stores, Inc. Common-Size Balance Sheet Compared with Industry Average Requirement 2. For the profitablity analysis, compute Rost Department Stores' (a) ratio of gross profit to sales, (b) ratio of operasing inoome to sales, and (c) ratio of net incorne to salos. Compare these fgures with the industry averages. Is Rost Department Stores' profit performance better of worse than the industry average? Rosts common-size incorne statament shows that is ratios of gross proft, operating income, and net income to sales are than average for the industry. Requirement 3. For the analysis of financial position, compute Rost Department Slores' (a) radio of current assets to total assets and (b) rato of stockholders' equily to total assets. Compare these ratios with the industry averages. is Rost Dopartinant stores' financial postion better or worse than the industry averages? Roars comrnon-ize balance sheet shows that its ratio of current assets to total assiots and its ratio of stocihobsers' equity to tolat assets are Rosfs financial position is than average for the industry. Data table Data table \begin{tabular}{|c|l|lr|r|} \hline 12 & \multicolumn{1}{|c|}{ Liabilities } & & \\ \hline 13 & Current liabilities & $ & 213,440 & 48.2% \\ \hline 14 & Long-term liabilities & & 104,880 & 16.6% \\ \hline 15 & Total liabilities & $ & 318,320 & 64.8% \\ \hline 16 & Stockholders' equity & & & \\ \hline 17 & Total common stockholders' equity & $ & 141,680 & 35.2% \\ \hline 18 & Total liabilities and equity & $ & 460,000 & 100.0% \\ \hline \hline \end{tabular}