12 769 Cost of goods sold 0928,000 641,000 At the end of Year 5 the following information is available for Billings and Phoenix companies: Sales Phoenix 01,124,240 726,000 Operating expens 231,000 327,620 Total assets 1,350,000 1.460,000 Stockholders' equity 321,000 311,000 Required 10 a. Prepare common size income statements for each company. b. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Complete this question by entering your answers in the tabs below. References Required A Required Mc Grew Prepare common size Income statements for each company. (Round your percentage answers to 1 decimal place.) BILLINGS AND PHOENIX COMPANIES Common Size Income Statements For the Year Ended Year 5 Billings % Phoenix < Prev 12 of 13 Next > Check my work