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Prepare a vertical analysis for Rim for its balance sheet. (Round the percent of total amounts to one decimal place, X.X%.) Data table Rim Department Stores, Inc. Balance Sheet December 31, 2018 Amount Percent of Total Current Assets $ 323,040 % Data table 120,960 % Property, Plant, and Equipment, Net Intangible Assets, Net Rim Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Rim Average 12.000 24.000 Other Assets Rim Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 $ 480,000 Total Assets Current Assets $ 323,040 70.9% 23.6 120,960 Property, Plant, and Equipment, Net Intangible Assets, Net Current Liabilities $ % Rim Industry Average 221,760 106,080 0.8 12,000 24,000 % 4.7 Other Assets Long-term Liabilities Total Liabilities Net Sales Revenue $ 781,000 100.0 % 65.8 $ 327,840 152,160 527,956 480,000 100.0 % Cost of Goods Sold Total Assets Stockholders' Equity % Gross Profit $ 480,000 253,044 163,229 34.2 19.7 Total Liabilities and Stockholders' Equity Current Liabilities $ 221,760 106,080 48.1 % 16.6 Operating Expenses Operating Income Other Expenses Long-term Liabilities 89.815 3,905 14.5 0.4 Help me solve this Calculator Print Total Liabilities 327,840 152,160 64.7 35.3 $ 85,910 14.1 % Stockholders' Equity Net Income $ 480,000 100.0 % Total Liabilities and Stockholders' Equity Print Done Print Done

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