Prepare a common-size income statement and balance sheet for block department stores. the first column of each statement should present block department stores’ common-size statement, while the second column should present the industry averages. for the profitability analysis, compute block 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 block department stores’ profit performance better or worse than the industry average