Sav Homework: Chapter 15 Homework Score: 0 of 1 pt 2 of 3 (1 complete) HW Score: 33.33%, 1 of 3 P15-24A (similar to) Question Help The Rim Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company'u 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 Requirement 1. Prepare a vertical analysis for Rim for both its income statement and balance sheet Begin by preparing a vertical analysis for Rim for its income statement. (Round the percent of total amounts to one decimal ploco, XX%). Rim Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount ot Percent of Total Net Sales Revenue $ 782,000 529,414 Cost of Goods Sold 19 252,586 163.438 Gross Profit Operating Expenses Operating Income Other Expenses % 89,148 4,692 Net Income 84,456 % sel Enter any number in the edit fields and then click Check Answer 3 parts remaining Clear All Check