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 sheet.) Data table Data table muusly Average Roost Roost Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Current Assets 330,260 70.9 % 125,440 23.6 Property, Plant, and Equipment, Net Intangible Assets, Net Industry Average 0.8 Roost 11,270 23,030 4.7 Other Assets Net Sales Revenue $ 100.0 % 782,000 526,286 490,000 100.0 % Total Assets 65.8 Cost of Goods Sold Gross Profit 255,714 34.2 Current Liabilities 48.1 % 164,220 19.7 226,380 108,290 16.6 Operating Expenses Operating Income Long-term Liabilities 14.5 91,494 4,692 Total Liabilities 64.7 0.4 bf Other Expenses 334,670 155,330 35.3 Stockholders' Equity 86,802 14.1 % Net Income 490,000 100.0 % Total Liabilities and Stockholders' Equity Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue $ % 782,000 526,286 Cost of Goods Sold % Gross Profit % 255,714 164,220 % Operating Expenses Operating Income % 91,494 4,692 Other Expenses % $ 86,802 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 330,260 % % Property, Plant, and Equipment, Net Intangible Assets, Net 125,440 11,270 23,030 % Other Assets $ 490,000 Total Assets Current Liabilities $ % 226,380 108,290 Long-term Liabilities % Total Liabilities 334,670 % Current Liabilities $ % 226,380 108,290 Long-term Liabilities Total Liabilities % 334,670 155,330 Stockholders' Equity % 490,000 Total Liabilities and Stockholders' Equity % 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. than the industry, which would generally indicate a 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 financial position than the average for the industry