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.

Requirements
1. Prepare a vertical analysis for Roost for both its income statement and balance sheet.
2. Compare the company€™s profit performance and financial position with the average for the industry.

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ROOST DEPARTMENT STORES, INC Income Statement Compared with Industry Average Year Ended December 31, 2016 ROOST DEPARTMENT STORES, INC. Balance Sheet Compared with Industry Average December 31, 2016 Industry Average 70.9% Industry RoostAverage $779,000 100.0%| Roost 316,780 120,320 236 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Expenses Net Income 56604 65.8 252,39634.2 19.7 14.5 0.4 Current Assets Fixed Assets, Net Intangible Assets, Net Other Assets Total Assets 7,990 24,910 $ 470,000 163,590 88,806 5,453 $ 83,353 4.7 100.0% 14.1% Current Liabilities Long-term Liabilities Total Liabilities Stockholders Equity Total Liabilities and Stockholders' Equity $217,140 104,340 321,480 148,520 S 470,000 48.1% 16.6 64.7 35.3 100.0%