The following information is available for the Memphis and Billings companies:

	Memphis				Billings
Sales	$	1,188,600			$	1,222,600
Cost of goods sold		783,800				864,800
Operating expenses		305,400				299,400
Total assets		1,130,000				1,420,000
Stockholders equity		350,000				400,000

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?