Computer Doctor Ltd, has asked for your help in comparing the company's profit performing and financial position with the computer services industry average. The manager has given you the company's income statement and balance sheet, and also the following industry average data for similar companies.

Income statement

For the year ended in 2020
	Computer Doctor LTD	Industry Average
Net Sales	$425,625	100.0%
Cost of goods sold	$250,375	53.2
Gross margin	$175,250	46.8
Operating expenses	$87,300	21.3
Operating income	$87,950	25.5
Other expenses	$20,500	5.2
Net Income	$67,450	20.3%

Balance sheet December 31,2020
	Computer Doctor LTD	Industry Average
Current assets	$162,750	62.5%
Property and equipment net	85,250	35.2
Other Assets	6,000	2.3
Total Assets	$254,000	100.0%
Current Liabilities	$112,500	42.5%
Long term liabilities	62,500	32.5
Shareholders equity	79,000	25.0
Total liabilities and shareholder's equity	$254,000	100.0%

Required

1) Prepare a two-column common size income statement and a two-column common size balance sheet for Computer Doctor Ltd. The first column of each statement should present the Computer Doctor LTD's common-size statement, and the second column should show the industry averages. Round all answers to one decimal place.

2) For the profitable analysis, compare each of the Computers Doctor Ltd (a) ratio of gross margin to net sales (b) ratio of operating income to net sales, and (c) ratio of net income to net sales. Compare these figures to the industry averages. Is Computer Doctor Ltd's profit performance better or worse than the industry average?

3) For the analysis of financial position, compare each of Computer Doctor Ltd's (a) ratio of current assets to total assets and (b) ratio of shareholder's equity to total assets to the industry averages. Is Computer Doctor Ltd's financial position better or worse than the industry averages?