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%). Comcast Verizon Income Statement ($ millions) Sales $96,397 75,498 20,899 7,290 $13,609 % $133,480 % 108,585 24,895 6,364 $18,531 % % % b. Following are selected balance sheet data for two communications companies, Comcast and Verizon, for the year ended December 31, 2018. Express each balance sheet amount as a percentage of total assets. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Comcast Verizon Operating costs Operating profit Nonoperating expenses Net Income Balance Sheet ($ millions) Current assets Long-term assets Total assets Current liabilities Long-term liabilities Total liabilities $22,285 229,836 $252,121 $28,155 154,611 $182,766 69,355 $252,121 Stockholders' equity* Total liabilities and equity *Includes noncontrolling interest % $35,329 % 230,193 % $265,522 % $38,689 % 175,633 % $214,322 % 51,200 % $265,522 96 % % % %6 % 96 % % % 96 96 96 O e 205 9:28 PM

Campare income scatements and balance Seets of Competitern