Prepare a$$ common$-$size income statement and balance sheet for Bryan Products. The first column of each statement should present the$$ company's common$-$size$$ statement, and the second column should show the industry averages.

$2.$

For the profitability$$ analysis, compare the$$ company's $($a$)$ ratio of gross profit to net $$sales$,($b$)$ ratio of operating income to net$$ sales, and $($c$)$ ratio of net income to net sales with the industry averages. Is the$$ company's profit performance better or worse than the average for the$$ industry?

$3.$

For the analysis of financial$$ position, compare Bryan Products' $($a$)$ ratios of current assets and current liabilities to total assets and $($b$)$ ratio of$$ stockholders' equity to total assets. Compare these ratios with the industry averages. Is the$$ company's financial position better or worse than the average for the$$ industry?Top managers of Bryan Products, Inc, have asked you to comparReand financial position with the average for the industry. The company's accountant has given you

the business's income statement, balance sheet, and industry data:

$($Click the icon to view the income statement.$)($Click the icon to view the balance sheet$)$

Read the requirements.

Requirement $1.$ Prepare a common$-$size income statement and balance sheet for Bryan Products. The first column of each statement should present the company's common$-$size statement, and the second

column should show the industry averages. $($Round the percentages to the nearest one$-$tenth percent, $x.x\%.$ Do not enter the $\%$ sign in any of the input fields.$)$

Start by preparing a common$-$sizee the company's profit performance income statement for Bryan Products, Inc.