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The RimDepartment Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the

The RimDepartment 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.

Rim Department Stores, Inc.

Income Statement

Year Ended December 31, 2018

Amount

Percent of Total

Net Sales Revenue

$780,000

%

Cost of Goods Sold

524,940

%

Gross Profit

255,060

%

Operating Expenses

163,020

%

Operating Income

92,040

%

Other Expenses

3,900

%

Net Income

$88,140

%

Prepare a vertical analysis for

RimRim

for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.)

Rim Department Stores, Inc.

Balance Sheet

December 31, 2018

Amount

Percent of Total

Current Assets

$309,580

%

Property, Plant, and Equipment, Net

120,520

%

Intangible Assets, Net

7,360

%

Other Assets

22,540

%

Total Assets

$460,000

%

Current Liabilities

$214,360

%

Long-term Liabilities

103,040

%

Total Liabilities

317,400

%

Stockholders' Equity

142,600

%

Total Liabilities and Stockholders' Equity

$460,000

%

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