The following information is available for the Memphis and Billings companies: Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $ 932,000 649,000 248,000 1,220,000 350,000 Billings $1,196,040 725,000 374,520 1,210,000 380,000 A. Prepare a common size income statement for each company. (Round percentage answers to 1 decimal place.) MEMPHIS COMPANY AND BILLINGS COMPANY Common Size Income Statements Memphis % Billings % B. Compute the return on assets and return on equity for each company. (Round your answers to 1 decimal place.) Memphis Company Billings Company % Return on assets % Return on equity % % C. Which company is more profitable from the stockholders' perspective? 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? Which is the discounter