LO1, 2 E2-42. evaluation of the relative riskiness of these I Comparing Income Statements and Balance Sheets of Competitors Comparing Income Statemen Following are selected income statement and balance sheet data for two communications companies, Comcast and Verizon, for the year ended December 31, 2015. CAST ZON Income Statement ($ millions) Sales.......... .. Operating costs ........ Operating profit ............. Nonoperating expensos.... Net income......... Comcast $74,510 58,512 15.998 7.585 $ 8,413 Verizon $131,620 98,560 33,060 15,181 $ 17,879 Verizon Balance Sheet ($ millions) Current assets Long-term assets...... Total assets..... Current liabilities. ....... Long-term liabilities ..... Total liabilities............ Stockholders' equity....... Total liabilities and equity......... Comcast $ 12,303 154.271 $168,574 $ 18,178 94,418 $ 22,280 222,360 $244,640 $ 35,052 191,746 226,798 17,842 $112,596 53,978 $166,574 $244,640 * Includes noncontrolling interest a. Express each income statement amount as a percentage of sales. Comment on any differences ob- served between the two companies. b. Express each balance sheet amount as a percentage of total assets. Comment on any differences ob- served between the two companies, especially as they relate to their respective business models. c. Both Verizon and Comcast have chosen a capital structure with a higher proportion of liabilities than equity. How does this capital structure decision affect our evaluation of the riskiness of these two companies? Take into consideration the large level of capital expenditures that each must make to remain competitive