At the end of Year 5 the following information is available for Billings and Phoenix companies: Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Billings $1,188,600 783,800 305,400 1,130,000 350,000 Phoenix $1,222,600 864,800 299,400 1,420,000 400,000 Required 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?

At the end of Year 5 the following information is avallable for Billings and Phoenix companies: Required o. Prepare common size income statements for each company. b. One company is a high-end retaller, and the other operates a discount store. Which is the discounter