Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Redid the feguirements Requirement 1. Prepare a common-sice income statement and balance sheet for Maron Products. The first column of each statement should present the compamy's common-size statement, and the socond column should show the industry averages. (Round the percentages to the nearest one-tenth percent, XX\%. Do not enter the \% sign in any of the input fielde.) Start by preparing a common-size income statement for Maron Products, inc. Maron Products, Ine. Common-Size Income Statement Compared with Industry Average Maron Products, Inc. Income Statement Compared with Industry Average t column of each statement should present ti es to the nearest one-tenth percent, XXX%. D nancial position with the avorage for the industry. a. column of each statement should prosent the companys 35 to the nearest one-tenth percent, X.X%. Do not ecter the % nancial position wth the average for the industry. a: column of each statement should present the company's is to the nosrest one tenth percent, X. W. Do not enter the % Requirements pi position with the average foc the industry. 1. Prepare a common-size income statement and balance sheet for Maron Products. The first column of each statement should present the company's common-size statement, and the second column should show the industy. averages. 2. For the profitability analysis, compare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry? 3. For the analysis of financial position, compare Maron Products' (a) ratios of current assets and current liabilites to total assots and (b) ratio of stockholders' equily to total assets. Compare these ratios with the industry averages. Is the company's financlal position better or worse than the average for the industry? Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the teguirements. Now prepare a common-size balance sheet for Maron Products, Inc: Maron Products, Inc. Common-Size Balance Sheet Compared with Industry Average Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet) Read the requirements. Requirement 2. For the profitability analysis, oompare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry? Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. Requirement 2. For the profitability analysis, compare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry? Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Redid the feguirements Requirement 1. Prepare a common-sice income statement and balance sheet for Maron Products. The first column of each statement should present the compamy's common-size statement, and the socond column should show the industry averages. (Round the percentages to the nearest one-tenth percent, XX\%. Do not enter the \% sign in any of the input fielde.) Start by preparing a common-size income statement for Maron Products, inc. Maron Products, Ine. Common-Size Income Statement Compared with Industry Average Maron Products, Inc. Income Statement Compared with Industry Average t column of each statement should present ti es to the nearest one-tenth percent, XXX%. D nancial position with the avorage for the industry. a. column of each statement should prosent the companys 35 to the nearest one-tenth percent, X.X%. Do not ecter the % nancial position wth the average for the industry. a: column of each statement should present the company's is to the nosrest one tenth percent, X. W. Do not enter the % Requirements pi position with the average foc the industry. 1. Prepare a common-size income statement and balance sheet for Maron Products. The first column of each statement should present the company's common-size statement, and the second column should show the industy. averages. 2. For the profitability analysis, compare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry? 3. For the analysis of financial position, compare Maron Products' (a) ratios of current assets and current liabilites to total assots and (b) ratio of stockholders' equily to total assets. Compare these ratios with the industry averages. Is the company's financlal position better or worse than the average for the industry? Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the teguirements. Now prepare a common-size balance sheet for Maron Products, Inc: Maron Products, Inc. Common-Size Balance Sheet Compared with Industry Average Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet) Read the requirements. Requirement 2. For the profitability analysis, oompare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry? Top managers of Maron Products, Inc., have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant has given you the business's income statement, balance sheet, and industry data: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the requirements. Requirement 2. For the profitability analysis, compare the company's (a) ratio of gross profit to net sales, (b) ratio of operating income to net sales, and (c) ratio of net income to net sales with the industry averages. Is the company's profit performance better or worse than the average for the industry