The Rim 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. ?(Click the icon to view the income statement.)?(Click the icon to view the balance sheet.) Read the requirements Begin by preparing a vertical analysis for Rim for its income statement (Round the percent of total amounts to one decimal place, xx96) Rim Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses Net Income $776,000 521,472 254,528 159,856 94,672 6,984 87,688