The following information is available for the Memphis and Billings companies: Billings $ 1,266,720 917,840 283,940 1,390,000 391,000 Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $ 1,306,680 841,840 348,920 1,190,000 381,000 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?

The following information is available for the Memphis and Billings companies: Required: o. 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 Compute the return on assets and return on equity for each com Note: Round your answers to 1 decimal place. One company is a high-end retailer, and the other operates a discount store. Which is the discounter