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begin{tabular}{|l|l|l|l|l|} hline & multicolumn{1}{|c|}{MemphisCompany} & multicolumn{2}{c|}{BillingsCompany} hline Return on assets & & % & & % hline Return on equity & & %

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed \begin{tabular}{|l|l|l|l|l|} \hline & \multicolumn{1}{|c|}{MemphisCompany} & \multicolumn{2}{c|}{BillingsCompany} \\ \hline Return on assets & & % & & % \\ \hline Return on equity & & % & & % \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Which company is more profitable from the stockholders' perspective? \\ \hline \end{tabular} Which is the discounter? The following information is available for the Memphis and Billings companies. 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

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