The Androse Department Shares, Inc chief executive officer (CEO) hes asked you be compare the company's prift performance and financial potion with the ages to the inday The CEO has given you they' income statement and halance sheet as well as the industry average date for retakers (Cck the icon to view the incense statement) (Click the icon to view the balance sheet) Read the temei Requirement 1. Prepare a vertical analysis for Ambrose for both some statement and balance sheet Begin by propering a vertical analysis for Ambruse for its income statement (Round the percent of total amounts to decalp, XX, and denote Ambie Department Stures, fec Income Statement Year Ended December 21, 2024 Amount Percent of Total Net Sales Revenue 779.000 Cost of Goods Sold 52140 Gross Profe 26612 the %. For samples 10 Data table ficer (CEO) has stry average da e averages for the industry. The CEO has given yo Click the icon to Income Statement Compared with Industry Average Year Ended December 31, 2024 Industry Ambrose Average Net Sales Revenue $ 779,000 100.0% se for both its ince 523,488 65.8 Cost of Goods Sold he %. For example, enter 10.1% as 10.1.) its income statem Gross Profit 255,512 34.2 163,590 19.7 Operating Expenses Operating Income 91,922 14.5 4,674 0.4 ent of Total Other Expenses $ 87,248 14.1% % Net Income ecutive officer (CEO s the industry averag mt.) BEE (Click the ic Data table Ambrose Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2024 Industry Ambrose for both its Ambrose Average ose for its income sta Current Assets $ 331,240 70.9% Property, Plant, and Equipment, Net 123.480 23.6 Inc. Intangible Assets, Net 9,310 0.8 25.970 4.7 024 Other Assets Percent of Total 490,000 100.0% Total Assets % % - X its st Data table Current Assets 551,240 70.970 Property, Plant, and Equipment, Net 123,480 23.6 Intangible Assets, Net 9,310. 0.8 25,970 4.7 Other Assets $ 490,000 100.0% Total Assets Current Liabilities Long-term Liabilities EA 228,340 48.1% 109,760 16.6 Total Liabilities 338,100 64.7 151,900 35.3 Stockholders' Equity Total Liabilities and Stockholders' $ 490,000 100.0 % Equity - X Requirements -X 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. r example, en Print Done Requirement 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet Begin by preparing a vertical analysis for Ambrose for its income statement. (Round the percent of total amounts to one decimal place, XX, and do not enter the % For example, enter 10 % as 101) Ambrose Department Stores, Inc. Income Statement Year Ended December 31, 2024 Amount Percent of Total Net Sales Revenue $ 779.000 Cost of Goods Sold 523,488 Gross Profit 255,512 Operating Expenses 163.590 Income Statement Year Ended December 31, 2024 Amount Percent of Total Net Sales Revenue. $ 779,000 % 523,488 % Cost of Goods Sold Gross Profit 255,512 % 163,590 % Operating Expenses Operating Income 91,922 % 4.674 Other Expenses $ 87,248 % Net Income