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 %. For example, enter 10.1% as 10.1 .) 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