Rost Department Storew chief executive Officer (CEO) has asked you to compare the company's profit performance and financial position with the average for the industry. The CEO has given you the company incor statement and balance sheet, as well as the industry average data fortales mick the soon to view the income statement) lick the icon to view the balance sheet) Read the requirements Rost Department Stores, Inc. Common-Size Income Statement Compared to Industry Average For the Year Ended December 31 Industry Rost (%) Average Sales revenues 100% Les Cost of goods sold 65.9% Grossrolt 34.1% Lass: Operating expenses 19.0% Operating Income 145 Les Intereste 0.4% Income before income taxes 14.15 0.25 Las income tax expense 13.9 Not income Help me solve this Video Get more help Clear all Check answer 0 of Data table you fort ata fd icol 1 Rost Department Stores, Inc. Income Statement Compared with Industry Average N 3 3 For the Year Ended December 31 Avel 4 (amounts in thousands) Industry Rost Average 5 Ind Av 6 Sales revenues $ 781,000 100.0% 65.9% 34.1% 19.6% 7 Less: Cost of goods sold 527,175 8 Gross profit $ 253,825 9 Less: Operating expenses 162,448 10 Operating income $ 91,377 11 Less: Interest expense 781 12 Income before income taxes $ 90,596 14.5% 0.4% 14.1% Print Done 3 For the Year Ended December 31 3 4 A 5 (amounts in thousands) Industry Rost Average $ 781,000 100.0% 6 Sales revenues 527,175 65.9% 7 Less: Cost of goods sold 8 Gross profit $ 253,825 34.1% 9 Less: Operating expenses 162,448 19.6% 10 Operating income $ 91,377 14.5% 11 Less: Interest expense 781 0.4% 12 Income before income taxes $ 90,596 14.1% 13 Less: Income tax expense 7,029 0.2% 14 Net income $ 83,567 13.9% Print Done B 1 2 3 3 4. Rost Department Stores, Inc. Balance Sheet Compared with Industry Average As of December 31 (amounts in thousands) Industry Rost Average 4 5 LO 6 Assets 7 Current assets $ $ 285,180 70.8% 23.8% 8 Fixed assets, net 9 Intangible assets, net 10 Other assets 107,520 5,040 0.9% 22,260 4.5% 11 Total assets $ 420,000 100.0% ata table O Assets 7 Current assets $ 285,180 70.8% 8 Fixed assets, net 107,520 23.8% 9 Intangible assets, net 5,040 0.9% 10 Other assets 22,260 4.5% 11 Total assets $ 420,000 100.0% 12 Liabilities 13 Current liabilities $ $ 192,360 48.0% 14 Long-term liabilities 16.6% 15 Total liabilities 94,920 I 287,280 $ 64.6% 16 Stockholders' equity 17 Total common stockholders' equity $ 18 Total liabilities and equity $ 132,720 35.4% 420,000 100.0% Print Done elp A