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. Click the icon to view the income statement.) Click the icon to view the balance shoot.) Read the requirements Requirement 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet. Begin by preparing a vertical analysis for Roost for its income statement (Round the percent of total amounts to one decimal place, XX%) Roost Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Ince $ 100.0 % 776,000 523,800 % % Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses 252,200 162,960 % % 89,240 4,666 % $ 84,584 % Net Income Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Average Roost Net Sales Revenue $ 776,000 100.0 % 523,800 65.8 Cost of Goods Sold Gross Profit 34.2 252,200 162,960 19.7 Operating Expenses Operating Income 14.5 89,240 4,656 0.4 Other Expenses $ 84,584 14.1 % Net Income Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Roost Industry Average Current Assets $ 283,080 70.9 % 108,360 23.6 Property, Plant, and Equipment, Net Intangible Assets, Net 0.8 7,140 21,420 Other Assets 4.7 Total Assets $ 420,000 100.0 % Current Liabilities $ 48.1 % 193,200 96,600 Long-term Liabilities 16.6 Total Liabilities 64.7 289,800 130,200 Stockholders' Equity 35.3