Data table Requirements 1. Prepare a common-size income statement and balance sheet for Fredrick Department Stores. The first column of each statement should present Fredrick Department Stores' common-size statement, while the second column should present the industry averages. 2. For the profitability analysis, compute Fredrick Department Stores' (a) ratio of gross profit to sales, (b) ratio of operating income to sales, and (c) ratio of net income to sales. Compare these figures with the industry averages. Is Fredrick Department Stores' profit performance better or worse than the industry average? 3. For the analysis of financial position, compute Fredrick Department Stores' (a) ratio of current assets to total assets and (b) ratio of stockholders' ejuity to total assets. Compare these ratios with the industry averages. Is Fredrick Department Stores' financial position better or worse than the industry averages? Data table and balance sheet, as well as the industy average data for retelers. Click the icon te view the inoome statement) (Click the isen to vies the balance sheet) Read the reavirements column should present the indintry averages. (Round your anseers io two decimal places, XXX). Start with proparing a common-size inconse stakement. Fredrick Department Stores, line. Common-Sia Income Statement Compared to fodustry Average