Problem 13-7 Comparison with Industry Averages Heartland Inc. is a medium-size company that has been in business for 20 years. The industry has...

13.7 Q 1 Please answer the following question based on the attached info.1.Prepare a columnar report for the controller of Heartland Inc. comparing the industry averages for the ratios published by the trade association with the comparable ratios for Heartland. For Heartland, compute the ratios as of December 31, 2008, or for the year ending December 31, 2008, whichever is appropriate.