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. B Click the icon to view the income statement.) B. (Click the icon to view the balance sheet.) 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, X.X%) Roost Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue $ % 777,000 522,144 Cost of Goods Sold % Gross Profit 254.856 % 163,170 % Operating Expenses Operating Income % 91.686 6,993 Other Expenses % $ 84,693 Net Income % Enter any number in the edit fields and then click Check Answer. The CE - profit performance and financial position with the averages for the industry. The ata for retailers. Requirements Rel 1. Prepare a vertical analysis for Roost for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. Re - Data Table Be - X Data Table Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Roost Average Net Sales Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Roost Average Cost of G Gross Pro Net Sales Revenue $ 100.0 % 777,000 522,144 65.8 Cost of Goods Sold Operating Operating $ 331,240 70.9 % Gross Profit 34.2 254,856 163,170 Other Expl Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 123,480 23.6 19.7 Operating Expenses Operating Income Net Incom 0.8 91,686 9,310 25,970 14.5 0.4 4.7 Other Assets 6,993 Other Expenses $ 490,000 100.0 % $ Total Assets 14.1 % 84,693 Net Income Current Liabilities $ 48.1 % 229,320 110,740 16.6 Long-term Liabilities Total Liabilities Print Done Enter any 64.7 340.060 149,940 35.3 Stockholders' Equity Help N 490,000 100.0 % Clear All Total Liabilities and Stockholders' Equity Check