Question: P 1 2 - 5 2 A . ( Learning Objectives 3 , 4 : Preparing common - size statements; analyzing profitability; making comparisons with

PALearning Objectives : Preparing commonsize statements; analyzing profitability; making comparisons with the industry Top managers of McDonough Products, Inc., have asked
for your help in comparing the company's profit performance and financial position with the average for the industry. The accountant has given you the company's Inpome Statement and Balance Sheet and also the following data for the industry:
tableAtabletableAMcDonough Products, Inc.Income Statement Compared with Industry AverageYear Ended December X
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