the following income statement data for AT&T Inc. and Verizon Communications, Inc were taken from their recent annual reports, [In Millions]

AT&T% Verizon%

Revenues: 163,786 125,980

Cost of services (expenses): -76,884 -51,424

Selling, general, and administrative expenses: -36,347 -31,569

Depreciation and other expenses: -26,208 -15,928

Operating income: 24,347 27,059

Requirements:

1)Create vertical analysis of the income statement for AT&T and round % to one decimal place.

2)Create vertical analysis of the income statement for Verizon and round % to one decimal place.

3)Based on requirements above, how does AT&T compare to Verizon?