The

McConnell

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.

Requirement 1. Prepare a vertical analysis for

McConnell

for both its income statement and balance sheet.

Begin by preparing a vertical analysis for

McConnell

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.

McConnell'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

higher

lower

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

financial position than the average for the industry.

ecimal place. XX, and do not enter the %. For example, enter 10.1% as 10.10) Data Table hs McConnell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2024 McConnell Industry Average Curr Net Sales Revenue $ 779,000 100.0 % Prop Cost of Goods Sold 527383 65.8 Intan Gross Profit 251,617 342 Other -XX 158,916 19.7 Total Operating Expenses Operating Income Other Expenses 92,701 14,5 0.4 6,453 Current $ Net Income 87.248 14.1% Long-te Total LE Print Done Stockh Total Lic Data Table McConnell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2024 Industry McConnell Average Current Assets S 318,190 70.9% 121,260 23.6 Property, Plant, and Equipment, Net Intangible Assets, Net 5,640 24,910 0.8 4.7 Other Assets $ Total Assets 470,000 100.0 % Current Liabilities $ 219.960 105,280 48.196 16.6 Long-term Liabilities Total Liabilities 647 325, 240 144,760 353 Stockholders' Equity Total Liabilities and Stockholders' Equity $ 470.000 100.0 % Print Done This Question: 3 pts The Me Connell Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financ Click the tow the income statement) (Cick the icon to the branche Y Read the recents Requirement 1. Prepare a vertical analysis for Me Cornell for both its income statement and balance sheet Begin by preparing a vertical analysis for McConnel for its income statement Roundbercent of total amounts to one decimal place, XX. McConnell Department Stores, Inc. Data Income Statement Year Ended December 31, 2024 Amount Percent of Total Net Sales Reven $ 779 000 Incom Cost of Goods Sold 527380 Gross Profit 251617 158 916 Operating Expenses Operating Income 92.701 Other Expenses 5.453 Net Sales Net Income $ 37240 Cost of G Gross Pro Prepare a vertical analysis for McConnell for its balance sheet (Round the percent of total amounts to one decimal place XX Operating McConnell Department stores, Inc. Operating Balance Sheet December 31, 2024 Other Exp Amount Percent of Total Net Income Current Assets 1 3184190 Property Plant and Equipment. Net 121,260 Intangible Assets, Net 5.640 Other Assets 24.9101 5 470,000 Total Assets Enter any number in the cold and then continue to the need question pavers CN0022 024.121 Operating Expenses Operating Income Other Expenses 92,701 5,453 S 87248 Net Income Prepare a vertical analysis for McConnell for its balance sheet. (Round the percent of total amounts to one de McConnell Department Stores, Inc. Balance Sheet December 31, 2024 Amount Percent of Total S 318.190 % 90 Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net Other Assets 121 260 5640 24.910 % Total Assets $ 470.000 % 96 Current Liabilities $ 219,960 Long-term Llabilities 105 280 % Total Liabilities 325.240 % Stockholders' Equity 144760 % Total Liabilities and Stockholders' Equity $ 470,000 25 Requirement 2. Compare the company's profit performance and financial position with the average for the industry, McConnell's gross prot percentage and profit margin ratio are both the industry average, which indica The company showed a slightly investment in food and intangible assets than the industry average. The com Enter any number in the colds and then continue to the next question pavers CNooaa 027.121 Read the requirements GIOSPORT 2010 158,916 Operating Expenses Operating income 92.701 96 Other Expenses 5,453 5 87.248 Net Income 6 Prepare a vertical analysis for McConnell for its balance sheet (Round the percent of total amounts to one decimal place, XX, and do not enter the McConnell Department Stores, Inc Balance Sheet December 31, 2024 Amount Percent of Total Current Assets $ 318,190 Property. Plant, and Equipment, Net 121250 Intangible Assets, Net 5.640 Other Assets 24 910 Total Assets S 470.000 R Current Liabilities 5 219.960 Long term Liabilities 105 280 Total Liabilities 325 210 Schodes 144,750 Total Liabilities and Stockholders' Equity 5 470,000 Requirement 2. Compare the company's profit performance and financial position with the average for the industry McConnells gross profit percentage and profit marginato are both the industry average, which indicates ain) profit perform They showed slightly investment intending than the industry. The company's percentage of debt to totilas Eternumber in the tels and then continue to the next question pavers ONDORI 029.121