The McConnell Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the indust and balance sheet as well as the industry average data for retailers (Cick te icon to view the income statement) (Click te ion to view the balance sheet.) Read the requirements McConnell Department Stores, Inc. Balance Sheet December 31, 2018 Amount Percent of Total Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets $289,820 112,230 1 5,590 22,360 $ 430,000 )% 201,240 6,320 297,560 32,440 Current Liabilities Long-term Liabilities Total Liablities Stockholders Equity Total Liabities and Stockholders Equity430,000 Enter any number in the edit fields and then clck Check Answer Clear All F3 2 3 4 5 2 of 3 (2 complete) Data Table ges for the industry. The CEO McConnell Department Stores, Inc Balance Sheet Compared with Industry Average December 31, 2018 Industry McConnell Average otal Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets Total Assets 289,820 70.9 % 112,230 23.6 5.590 08 4.7 5,590 22,360 430,000 100.0 % Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity $ 201,240 48.1 % 16.6 64.7 35.3 430,000 100.0 % 96,320 297,560 132,440 Print Done FVO F7 F8 OD F4 F5 ork 2 of 3 (2 complete) asked you to compare the company's profit performance and financial position with the averages for the industry. The CEO iew the bala Data Table McConnell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 f Total Industry McConnell Average 100.0 % 65.8 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses Net Income 783,000 526,176 256,824 161,298 95,526 34.2 19.7 14.5 3,91504 91,611 14.1 % Print Done Clear All F8 F9 1O