Compare Income Statements and Balance Sheets of Competitors a. Following are selected income statement data for two communications companies, Comcast and Verizon, for the year ended December 31, 2018. Express each income statement amount as a percentage of sales. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).

Income Statement ($ millions)	Comcast		Verizon
Sales	$87,892	Answer	$121,703	Answer
Operating costs	75,498	Answer	108,585	Answer
Operating profit	12,394	Answer	13,118	Answer
Nonoperating expenses	6,647	Answer	5,802	Answer
Net income	$5,747	Answer	$7,316	Answer

b. Following are selected balance sheet data for two communications companies, Comcast and Verizon, for the year ended December 31, 2018. Express each balance sheet amount as a percentage of total assets. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).

Balance Sheet ($ millions)	Comcast		Verizon
Current assets	$20,319	Answer	$32,211	Answer
Long-term assets	229,836	Answer	230,193	Answer
Total assets	$250,155	Answer	$262,404	Answer
Current liabilities	$25,671	Answer	$35,275	Answer
Long-term liabilities	140,968	Answer	160,136	Answer
Total liabilities	$166,639	Answer	$195,411	Answer
Stockholders equity*	83,516	Answer	66,993	Answer
Total liabilities and equity	$250,155	Answer	$262,404	Answer