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The following information is available for the Memphis and Billings companies. Required a . Prepare a common size income statement for each company. b .
The following information is available for the Memphis and Billings companies.
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 highend retailer, and the other operates a discount store. Which is the discounter?
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Compute the return on assets and return on equity for each company.
Note: Round your answers to decimal place.
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