The following information is available for the Memphis and Billings companies. Memphis Billings Sales $ 1,154,000 $ 1,124,400 Cost of goods sold 768,000 852,000 Operating expenses 306,000 229,700 Total assets 1,460,000 1,440,000 Stockholders equity 320,000 350,000 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