Answer Happy

The Specialty 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.) 5 (Click the icon to view the balance sheet.) Read the requirements. .. - X Requirements Requirement 1. Prepare a vertical analysis for Specialty for both its income statement and balance sheet. Begin by preparing a vertical analysis for Specialty for its income statement. (Round the percent of total amounts to one decimal place, X.X, and do not enter the %. For example, enter 10.1% as 10.1.) 1. Prepare a vertical analysis for Specialty for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. Specialty Department Stores, Inc. Income Statement Year Ended December 31, 2024 Amount Percent of Total Х Data table х Data table Net Sales Revenue $ % 784,000 529,984 Done Cost of Goods Sold % Gross Profit % 254,016 159,936 % Specialty Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2024 Operating Expenses Operating Income Other Expenses Specialty Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2024 % 94,080 7,840 % Industry Average Specialty Industry Average $ 86,240 Specialty Net Income % Net Sales Revenue $ 784,000 529,984 100.0 % 65.8 Current Assets $ 296,120 70.9 % Cost of Goods Sold 112,640 23.6 Gross Profit Property, Plant, and Equipment, Net Intangible Assets, Net 254,016 159,936 0.8 34.2 19.7 8,360 22,880 4.7 Other Assets Operating Expenses Operating Income 94,080 14.5 $ 440,000 100.0 % Total Assets 7,840 0.4 Other Expenses $ 86,240 14.1 % Net Income Current Liabilities $ 205,920 99,440 48.1 % 16.6 Long-term Liabilities Total Liabilities 64.7 305,360 134,640 Print Done Stockholders' Equity 35.3 Help me solve this Demodocs example Get $ 440,000 100.0 % Clear all Check answer Total Liabilities and Stockholders' Equity