Top managers of O'Hare Products, Inc., have asked for your help in comparing thecompany's profit performance and financial position with the average for the industry. The accountant has given you thecompany's income statement and balance sheet and also the following data for theindustry:

0 Data Table - X Year Ended December 31, 2016 Industry O'Hara Average Net sales $ 959,000 100.0 % Cost of goods sold 652,120 57.3 Gross prot 306.830 42.7 Operating expenses A Operating income 1 05,490 13.3 Other expenses 19' 1 80 2'5 Net income $ 86,310 10.8% 0 Data Table Current assets Fixed assets, net Intangible assets. net Other assets Total Current liabilities Long-term liabilities Stockholders' equity Tntnl Print 3 Done I O'Hara 471 .200 1 12,840 23.560 12.400 620.000 244.900 1 32 ,680 242,420 $20,000 Average 72.1 % 19.0 4.8 4.1 100.0 % 47.2 % 21.0 31.8 100.0 "11