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. E (Click the icon to view the income statement.) E: (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 $ 781,000 100% 528.737 Cost of Goods Sold Gross Profit 252,263 Operating Expenses 160,886 Operating Income 91,377 Other Expenses 3,905 $ 87,472 Net Income Prepare a vertical analysis for Roost for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.) Roost Department Stores, Inc. Balance Sheet December 31, 2018 Amount Percent of Total $ Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 290,250 110,080 8,170 21,500 Other Assets $ 430 000 Total Assets Enter any number in the edit fields and then continue to the next question. Prepare a vertical analysis for Roost for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.) Roost Department Stores, Inc. Balance Sheet December 31, 2018 Amount Percent of Total $ Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets 290,250 110,080 8,170 21,500 430,000 $ Total Assets Current Liabilities $ 199,090 Long-term Liabilities 94,600 Total Liabilities 293,690 Stockholders' Equity 136,310 Fouitur Total Liabilities and Stockholders' Equity $ 430,000 Requirement 2. Compare the company's profit performance and financial position with the average for the industry. Roost's gross profit percentage and profit margin ratio are both the industry average, which indicates a(n) profit performance as compared with the industry. The company showed a slightly investment in fixed and intangible assets than the industry average. The company's percentage of debt to total assets is than the industry, which would generally indicate a v financial position than the average for the industry. Enter any number in the edit fields and then continue to the next question. Read the requirements Onerating Income 91377 Data Table % i Data Table - X Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Roost Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Roost Average Industry Average Roost Current Assets Property, Plant, and Equipment, Net 290,250 110,080 8,170 21,500 70.9% 23.6 0.8 4.7 781,000 528,737 100.0 % Intangible Assets, Net 65.8 Other Assets $ 430,000 100.0 % Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses 252,263 160,886 Total Assets 91,377 3,905 14.5 0.4 Current Liabilities $ 199,090 94,600 $ 87,472 14.1 % Long-term Liabilities Total Liabilities Net Income - 48.1 % 16.6 64.7 35.3 100.0 % 293,690 136,310 430,000 Stockholders' Equity Print Done Total Liabilities and Stockholders' Equity JUU Total Liabilities and Stockholders' Equity Print | Print Done Requirement 2. Compare the company's profit performance and financial pos Done