The following information is available for the Memphis and Billings companies. Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $ 1,281,160 Billings $1,277,280 831,080 907,080 362,040 1,150,000 319,100 1,240,000 310,000 350,000 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? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Compute the return on assets and return on equity for each company. (Round your answers to 1 decimal place.) Return on assets Return on equity Memphis, Company Billings Company % % % Required A Required C >