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.$)$ Requirement $1.$ Prepare a vertical analysis for Specialty for both its income statement and balance sheet. Begin by preparing a vertical analysis for Specialty for its income statement. $($Round the percent of total amounts to one decimal place, X$.$X$,$ and do not enter the $\backslash (\backslash \%\backslash ).$ For example, enter $\backslash (10\mathrm{.}1\backslash \%\backslash )$ as $10\mathrm{.}1.)$Requirement $2.$ Compare the company's profit performance and financial position with the average for the industry. Specialty's gross profit percentage and profit margin ratio are both the industry average, which indicates a$($n$)$ profit performance as compared with the industry. The company showed a slightly investment in fixed and intangible assets than the industry average. The company's percentage of debt to total assets is than the industry, which would generally indicate a inancial position than the average for the industry.