This is my last try for Requirement 2. i already tried the higher than and favorable combination.

the question is: Requirement 2. Compare the company's profit performance and financial position with the average for the industry.

Rim's gross profit percentage and profit margin ratio are both _______ (higher than, less than or the same as) the industry average, which indicates a(n)_________ (favorable, comparable or performance as compared with the industry.

i already tried the combination (higher than, favorable).

i agologize, i thought i included it.

The Rim 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. Question Help EB (Click the icon to view the income statement.) (Click the icon to view the balance sheet) Read the requirements Requirement 1. Prepare a vertical analysis for Rim for both its income statement and balance sheet. Begin by preparing a vertical analysis for Rim for its income statement. (Round the percent of total amounts to one decimal place, XX %) Rim Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Net Sales Revenue 780,000 100.0 % 67.7% 528,060 Cost of Goods Sold 32.3 % Gross Profit 251,940 21.0 % 163,800 Operating Expenses 11.3 % 88,140 Operating Income 4 5,460 0.7 % Other Expenses 10.6 % 82,680 Net Income Prepare a vertical analysis for Rim for its balance sheet. (Round the percent of total amounts to one decimal place, X.X % ) Rim Department Stores, Inc. Balance Sheet December 31, 2018 Amount Percent of Total 673% 323,040 Current Assets 25.8% 123 840 Pronerty Plant and Fouinment Net Click to select your answer(s) and then click Check Answer Question Help The Rim 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.) EE (Click the icon to view the balance sheet.) Read the requirements Net Income % Prepare a vertical analysis for Rim for its balance sheet. (Round the percent of total amounts to one decimal place, XX %) Rim Department Stores, Inc. Balance Sheet December 31, 2018 Amount Percent of Total Current Assets 67.3% 323,040 25.8 % Property, Plant, and Equipment, Net 123,840 1.6% Intangible Assets, Net 7,680 25.440 5.3 % Other Assets 100.0 480,000 % Total Assets 46.6% 223,680 $ Current Liabilities 22.1% 106,080 Long-term Liabilities 68.7 % 329,760 Total Liabilities 31.3% 150,240 Stockholders' Equity 100.0 480,000 Total Liabilities and Stockholders' Equity Requirement 2. Compare the company's profit performance and financial position with the average for the industry profit the industry average, which indicates ain) favorable Rim's gross profit percentage and profit margin ratio are both higher than performance as compared with the industry. Click to select your answer(s) and then click Check Answer Final Check Clear All part remaining 11:15 AM Requirement 2. Compare the company's profit performance and financial position with the average for the industry Rim's gross profit percentage and profit margin ratio are both higher than performance as compared with the industry the industry average, which indicates a(n) favorable profit Iders' Equity he company's profit performance and financial position with the average for the industry ge and profit margin ratio are both higher than with the industry the industry average, which indicates a higher than ver(s) and then click Check Answe less than the same as with the average ror une dustry average, which indicates a(n) favorable profit comparable ? favorable unfavorable The CEO has given you the company's income staternent and balance sheet as w me statement) E (Click the icon to view the balance sheet) X Data Table n f ce, X ar al Rim Department Stores, Inc. cer Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Ne Rim Average 780,000 100.0 % Net Sales Revenue 528,060 65.8 Cost of Goods Sold 251 940 Gross Profit 34.2 163 800 19.7 Operating Expenses 88.140 Operating Income 14.5 0.4 5 460 Other Expenses 14.1 % 82,680 Net Income rs E Done Print stry comp and profit margin ratio are the industry the industry average, which indicates a(n) higher than nt Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance a or the industry. The CEO has given you the company's income statement and balance sheet as well as the to view the in Data Table ents KX%.) analysis for R Rim Department Stores, Inc. Rim D Balance Sheet Compared with Industry Average December 31, 2018 Industry Average Rim Current Assets 323,040 70.9 % nd Equipment 123.840 Property. Plant, and Equipment, Net 23.6 Net Intangible Assets, Net 7.680 08 25 440 4.7 Other Assets 480,000 100.0 % Total Assets Current Liabilities $ 223,680 48.1 % ities 106.080 16.6 Long-term Liabilities Total Liabilities 329,760 64.7 quity 150,240 35.3 Stockholders' Equity and Stockholde 480,000 100.0 % Total Liabilities and Stockholders' Equity . Compare the c fit percentage a Print Done (n) favorable compared with our answeris) and then click Check Answer. X 0 X Requirements 1. Prepare a vertical analysis for Rim for both its income statement and balance sheet 2. Compare the company's profit performance and financial position with the average for the industry Done Print