$\backslash$table$[[$A$,$B$,$C$],[$Ambrose Department Stores, Inc.$],[$Balance Sheet Compared with Industry Average$],[$As of December $31],[($amounts in thousands$)],[,$Ambrose,Industry Average$],[$Assets$],[$Current assets,$ $332,220,71\mathrm{.}0\%],[$Fixed assets, net,$128,380,24\mathrm{.}0\%],[$Intangible assets, net,$5,880,0\mathrm{.}6\%],[$Other assets,$23,520,4\mathrm{.}4\%],[$Total assets,$ $490,000,100\mathrm{.}0\%],[$Liabilities$],[$Current liabilities,$ $227,360,48\mathrm{.}1\%],[$Long$-$term liabilities,$110,740,16\mathrm{.}6\%],[5$ Total liabilities,$ $338,100,64\mathrm{.}7\%],[6$ Stockholders' equity,,$],[7$ Total common stockholders' equity,$ $151,900,35\mathrm{.}3\%]]$

Prepare a common$-$size income statement and balance sheet for Ambrose Department Stores. The first column of each statement should present Ambrose Department Stores' common$-$size statement, while the second column should present the industry averages.

For the profitability analysis, compute Ambrose 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 Ambrose Department Stores' profit performance better or worse than the industry average?

For the analysis of financial position, compute Ambrose 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 Ambrose Department Stores' financial position better or worse than the industry averages?

$\backslash$table$[[,$A$,$B$,$C$],[1,$Ambrose Department Stores, Inc.$],[2,$Income Statement Compared with Industry Average$],[3,$For the Year Ended December $31],[4,,($amounts in thousands$)],[5,,$Ambrose,$\backslash$table$[[$Industry$],[$Average$]]],[6,$Sales revenues,$ $779,000,100\mathrm{.}0\%],[7,$Less: Cost of goods sold,$527,383,65\mathrm{.}6\%],[8,$Gross profit,$ $251,617,34\mathrm{.}4\%],[9,$Less: Operating expenses,$161,253,19\mathrm{.}7\%],[10,$Operating income,$ $90,364,14\mathrm{.}7\%],[11,$Less: Interest expense,$1,558,0\mathrm{.}3\%],[12,$Income before income taxes,$ $88,806,14\mathrm{.}4\%],[13,$Less: Income tax expense,$5,453,0\mathrm{.}8\%],[14,$Net income,$ $83,353,13\mathrm{.}6\%]]$