Russell Department Stores' 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's income statement and halance sheet, as well as the industry average data for retailers Read Data Table X Data Table Russell Department Stores, Inc. Income Statement Compared with Industry Average For the Year Ended December 31 Balance Sheet Compared with Industry Average As of December 31 amounts in thousands) Russell Industry Average Salc Less Gros Less Ope LessLess Operating expenses Inc Less Net i Now (amounts in thousands) Assets Russell Industry Average $ 779,000 527,383 $ 251 617 161 253 90,364 1,558 08,008 5,453 Current assets Fixed assets, net Intangible asscts, net Other assets Total assets 332 220 128,380 5,880 23,520 490,000 71 0% 23.6 % 0.8% 4.6 Sales revenues Less: Cost of goods sold Gross profit 100.0% 65.8 342% 19.9 14.3 % 0.5 13.8 % 100.0 Operating income Less: Interest expense Income betore income taxes $ Less: Income tax expense Net income Liabilities 48.2 % Current liabilities Long-term liabilities Total liabilities 227,360 110,740 16.8 0.1 338,100 65 0% 13.7 Stockholders' equity 151,900 35 0 Total common stockholders' equity 490,000 100.0 Enter Print Done Total liabilities and equity