The

Roost

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.

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please answer all 8 parts

The Roost Department Stores, Inc. chief executive officer (CEO) has asked you t Next question pany'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.) 5 (Click the icon to view the balance sheet.) Read the requirements. Requirement 1. Prepare a common-size income statement and balance sheet for Roost. The first column of each statement should present Roost's common-size statement, and the second column, the industry averages. Begin by preparing the common-size income statement for Roost. (Round your answers to one decimal place, X.X%.) Roost Department Stores, Inc. Common-Size Income Statement Year Ended December 31, 2018 Roost Industry Average Net Sales Revenue % 100.0 % 65.8 % % Cost of Goods Sold Gross Profit % 34.2 % 19.7 % % Operating Expenses Operating Income % 14.5 % Other Expenses 0.4 % % 14.1 Net Income % % Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Average Roost Net Sales Revenue $ 100.0 % 781,000 527,956 65.8 Cost of Goods Sold Gross Profit 253,044 34.2 159,324 19.7 Operating Expenses Operating Income 14.5 93,720 7,029 0.4 Other Expenses $ 86,691 14.1 % Net Income December 31, 2018 Industry Average Roost $ 310,500 70.9 % Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 120,060 23.6 5,520 0.8 23,920 4.7 Other Assets $ 460,000 100.0 % Total Assets Current Liabilities $ 48.1 % 212,520 103,960 16.6 Long-term Liabilities Total Liabilities 64.7 316,480 143,520 35.3 Stockholders' Equity Total Liabilities and Stockholders' Equity $ 460,000 100.0 %