The Randall 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 industry. The CEO has given you the company's income statement and balance sheet as well as the industry average data for retailers. LOADING...(Click the icon to view the income statement.) LOADING...(Click the icon to view the balance sheet.) Read the requirements LOADING.... Requirement 1. Prepare a vertical analysis for Randall for both its income statement and balance sheet. Begin by preparing a vertical analysis for Randall for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) Randall Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue $783,000 % Cost of Goods Sold 527,742 % Gross Profit 255,258 % Operating Expenses 163,647 % Operating Income 91,611 % Other Expenses 6,264

income statement and balance sheet as well as the industry average data u to compare the company's profit performance and financial position E(Click the icon to view the income statement.) (Click the icon to view Data Table The Randall Department Stores, Inc. chief executive officer (CEO) has asked i Data Table Balance Sheet Compared with Industry Average Read the requirements. December 31, 2018 Requirement 1. Prepare a vertical analysis for Randall for both it income st Randall Department Stores, Inc. Industry r its income statement. (R Begin by preparing a vertical analysis for Randall Income Statement Compared with Industry Average Randall Average Year Ended December 31, 2018 Randall Department Stores, Inc. Current Assets 310.040 70.9% Industry Income Statement Property, Plant, and Equipment, Net 119,600 23.6 Randall Average Year Ended December 31, 2018 Intangible Assets, Net 7,360 0.8 Total Amount Percent Net Sales Revenue 783,000 100.0% 23.000 Other Assets 65.8 527,742 Net Sales Revenue Cost of Goods Sold 783.000 460,000 100.0% Total Assets Cost 527.742 Goods Sold Gross Profit 255.258 34.2 163.647 19.7 Gross Profit Operating Expenses 255.258 % Current Liabilities 210,680 48.1 % 163.647 Operating Expenses Operating Income 91,611 14.5 103.960 16.6 Long-term Liabilities 6.264 0.4 Operating Income Other Expenses 91,611 % Total Liabilities 314.640 64.7 S 14.1% 85,347 6.264 Other Expenses 145,360 Net Income 35.3 Stockholders' Equity 85,347 Net Income S Total Liabilities and Stockholders' Equity 460,000 100.0 % Print Done Prepare a vertical analvsis for Randall for its balance sheet. (Round the perce Print Done the next question. Enter any number in the edit fields and then continue