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

Ambrose Department Stores, Inc.

Income Statement Compared with Industry Average

Year Ended December 31, 2018

Industry

Ambrose Average

Net Sales Revenue $780,000 100.0 %

Cost of Goods Sold 524,940 65.8

Gross Profit 255,060 34.2

Operating Expenses 159,120 19.7

Operating Income 95,940 14.5

Other Expenses 7,020 0.4

Net Income $88,920 14.1 %

Ambrose Department Stores, Inc.

Balance Sheet Compared with Industry Average

December 31, 2018

Industy

Ambrose

Average

Current Assets

$325,920

70.9 %

Property, Plant, and Equipment, Net

121,920

23.6

Intangible Assets, Net

9,600

0.8

Other Assets

22,560

4.7

Total Assets $480,000 100.0 %

Current Liabilities $219,840

48.1 %

Long-term Liabilities 110,400

16.6

Total Liabilities 330,240

64.7

Stockholders' Equity 149,760

35.3

Total Liabilities and Stockholders' Equity $480,000 100.0 %