4 Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 166 points The following information is available for the Memphis and Billings companies: Skloped Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $1,296,680 840, 840 347,920 1,180,000 380,000 Billings $1,256, 720 916,840 282,940 1,380,000 390,000 eBook Required a. Prepare a common size income statement for each company. b. Compute the return on assets and return on equity for each company. c. Which company is more profitable from the stockholders' perspective? d. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Print Complete this question by entering your answers in the tabs below. References Required a Required B Required Required D Prepare a common size Income statement for each company. (Round percentage answers to 1 decimal place.) MEMPHIS COMPANY AND BILUNGS COMPANY Common Size Income Statements Memphis % Billings 0 0.0 0 0.0 5 0 0.0 $ 0 0.0 Required a ipped The following information is available for the Memphis and Billings companies: Memphis Billings Sales $1,296,680 $1,256,720 Cost of goods sold 840,840 916,840 Operating expenses 347,920 282,940 Total assets 1,180,000 1,380,000 Stockholders' equity 380,000 390,000 Book Mint Required a. Prepare a common size income statement for each company. b. Compute the return on assets and return on equity for each company. c. Which company is more profitable from the stockholders' perspective? d. 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. erences Required A Required B Required cRequired D Compute the return on assets and return on equity for each company. (Round your answers to 1 decimal place.) Memphis Billings Company Company 1% % Return on equity % 4 Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 66 Skipped The following information is available for the Memphis and Billings companies Memphis Billings Sales $1,296,680 $1,256, 720 Cost of goods sold 840,840 916,840 Operating expenses 347,928 282,940 Total assets 1,180,000 1,380,000 Stockholders' equity 380,800 390,000 oBook Hint Required a. Prepare a common size income statement for each company b. Compute the return on assets and return on equity for each company. c. Which company is more profitable from the stockholders' perspective? d. One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Print Complete this question by entering your answers in the tabs below. References Required A Required a Required C Required D Which company is more profitable from the stockholders' perspective? Which company is more profitable from the stockholders' perspectivo? >