Data table McConnell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2024 Data table Requirements 1. Prepare a vertical analysis for McConnell for both its income statement and balance sheet. 2. Compare the company's profit performance and financial position with the average for the industry. you the company's income statement and balance sheet as well as the insustry average data for retaliges. (Click the icon 10 vew the income statement). (CCick the icon to view the halance sheet) Read the: Requirement 1. Prepare a verical aralysis for MoConneli for both its income statement and batance sheet. The McConnell Department Stores, Inc. chiel executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the indu you the company's income statement and balance sheet as well as the industry average data for retailers. (Cilck the icon to view the income statemont.) (Click the icon to view the belance sheet.) Read the Prepare a vertical analysis for McConnoll for its balance sheet. (Round the percent of total amounts to one decimal place, X.X. and do not enter the % \%. For exarnple, enter 10 1. as Requirement 2. Compare the companys profit performance and financial position with the average for the industry. McConnell's gross profit percentage and profit margin ratio are both the industry avorage, which indicates a( n ) profit performance as compared with The company showed a slightly investment in foxed and intangible assets than the industry average. The company's percentage of debt to total assets is generally indicate a financial position than the average for the industry. Read the Requirement 2 Compare the company's profi performahce and finantial poston with the average for the industry. The compary showed a slghthy investenent in faed and intang tie asseds than the industy average. The cempanys sercentage of debt to botal atsete is than the industry, which wouid generally indicate a frareial positen than the averags for the induviry. Requirement 2. Compare the compary/s proft performance and fnancial pastien with the areroge for the intustry