The president of Verifine 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 competitors: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Required 1. Prepare a vertical analysis for Verifine 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 its investment in assets compared to the industry information shown. Requirement 1. Prepare a vertical analysis for Verifine for both its income statement and balance sheet Begin by preparing a vertical analysis for Verifine for its income statement (Round the percent of total amounts to one decimal place, X.X\%) income statement and balance sheet, as well as the industry average data for competitors: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) ReI 1. Prepare a vertical analysis for Verifine for both its income statement and balance sheet Requirement 1. Prepare a vertical anal Begin bv preparina a vertical analvcic fr Income Statement fimal place, X.X\%.) Ask my instructor 1. Prepare a vertical analysis for Verifine 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 its investment in assets compared to the industr Requirement 1. Prepare a vertica Reain hv nranarinn a vertiral anall Balance Sheet place, X.X\%.)