The president of Ventino Car Parts, Inc. has asked you to compare the company's profit performance and financial position with the averages for the industry. The accounting office has given you the company's income statement and balance sheet as well as the industry average data for compositors Click the icon to view the income statement.) m (Click the icon to view the balance sheet:) Required 1. Prepare a vertical analysis for Vertine for both its income statement and balance sheet 2. Compare the company's gross margin percentage gross margin as a percent of net sales) with the average for the industry Comment on the investment in assets compared to the industry information show 21.420 the assols $ 420 000 Total assets Time Remaining: 02:16:17 Next o ENG US 9.14 AM 2022-04-21 tight statement Submit quiz werages for the industry. The accounting office The president of Vertine Car Parts, inchas has given you the company's income stated Click the icon to view the income stat Required 1. Prepare a vertical analysis for Vontine for 2. Compare the company's gross margin per the industry information shown For the lar Ended December 31, 2020 Verifine Industry Car Parts Average Net Sales $ 778,000 1000 Cost of goods sold 572890 658 Gross margin 255.184 Operating expenses 153 380 197 pment on the investment in assets compared to 342 To Print Done Time Remaining: 02:15:56 Next 50 . Q 1 ENG US 9:15 AM 2022-04-21 The president of Venice Car Parts, has asked you to compare the company's profit performance and financial position with the averages for the industry The account Percent of Total December 31, 2020 Amount Content assets 283,080 Property Diant, and equipment 108,300 Intangible assets net 7.140 thor assets 21.420 420.000 To set Time Remaining: 02:15:17 N SC Lint o L 0 14 > cs ENG US dis 1 The president of Verifi Car Parts Inc. tasked you to compare the company's profit performance and financial position with the averages for the industry The accounting Currende 5 150 200 94,920 Total 288 120 Shorty 131,300 420.000 Totaltabbies and shareholdes guilty Requirement 2. Com the company's gross margin percentage fross margin as a percent of retse) with the average for the industry Comment on their investment in as compared to the industry information show Time Remaining: 02:15:12 Next 3C -