Requirements 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. Ambrose Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2024 Ambrose Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2024 The Ambrose Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages 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. (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the Requirement 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. Begin by preparing a vertical analysis for Ambrose for its income statement. (Round the percent of total amounts to one decimal place, X.X, and do not enter the \%. For example, enter 10.1% as 10.1.)