The following information is available for the Memphis and Billings companies: Memphis Billings $1,268,040 $1,241,720 830,520 912,520 326,760 278, 100 1,140,000 350,000 Sales Cost of goods sold. Operating expenses Total assets Stockholders' equity 1,120,000 390,000 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 D One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Which is the discounter? Required B Required C Required C Required D > Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis Billings $1,268,040 $1,241,720 830,520 326,760 1,120,000 390,000 Sales Cost of goods sold Gross margin Operating expenses Net income 912,520 278,100 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? 1,140,000 350,000 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Prepare a common size income statement for each company.. Note: Round percentage answers to 1 decimal place. Memphis $1,268,040 830,520 437,520 326,760 $ 110,760 MEMPHIS COMPANY AND BILLINGS COMPANY Common Size Income Statements. % Billings 100.0 $1,241,720 65.5 912,520 329,200 34.5 25.8 278,100 8.7 $ 51,100 Required A % 100.0 73.5 26.5 22.4 4.1 Required B > Sales Cost of goods sold Operating expenses Total assets Stockholders' equity 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? Memphis $ 1,268,040 830,520 326,760 1,120,000 390,000 Complete this question by entering your answers in the tabs below. Required A Required D Compute the return on assets and return on equity for each company. Note: Round your answers to 1 decimal place. Return on assets Return on equity Required B Required C Memphis Company Billings $ 1,241,720 912,520 278, 100 1,140,000 350,000 % % Billings Company % % < Required A Required C > The following information is available for the Memphis and Billings companies: Billings $1,241,720 912,520 278, 100 1,140,000 350,000 Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $ 1,268,040 830,520 326,760 1,120,000 390,000 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 Which company is more profitable from the stockholders' perspective? Which company is more profitable from the stockholders' perspective? < Required B Required D >