Question: Please I need help with all the requirements, especially in the last requirement (3) Block Department Stores' chief executive officer (CEO) has asked you to

Please I need help with all the requirements, especially in the last requirement (3)
Please I need help with all the requirements, especially in the last
requirement (3) Block Department Stores' chief executive officer (CEO) has asked you
to Eompare the company's profit performance and financial position with the average
for the industry. The CEO has given you the company's income statement

Block Department Stores' chief executive officer (CEO) has asked you to Eompare the company's profit performance and financial position with the average 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. 1. Prepare a common-size income statement and balance sheet for Block Department Stores. The first column of each statement should present Block Department Stores' common-size statement, while the second column should present the industry averages. 2. For the profitability analysis, compute Block 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 Block Department Stores' profit performance better or worse than the industry average? 3. For the analysis of financial position, compute Block Department Stores' (a) ratio of current assets to total assets and (b) ratio of stockholders' equity to total assets. Compare these ratios with the industry averages. Is Block Department Stores' financial position

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