The following table shows the rate of return on stock for 2 companies "Tania's Services & Warda's Events". a. Calculate the expected rate of return for Tania's Services. b. Calculate the expected rate of return for Warda's Events. c. Write the Variability Formula d. Calculate the variability of Tania's Services e. Calculate the variability of Warda's Events f. Which of these 2 companies is the most risky? Use the editor to format your answer Dangling Lights Corporation Balance Sheets (5000) 2020 Assets Current assets Cash Marketable securities Accounts receivable Inventory Other Total current assets $ 350.00 $ 10.00 $1,450.00 $ 450.00 65.00 $2325.00 Fixed Assets Gross Property, plant, and equipment Less: accumulated depreciation Net property, plant, and equipment Intangible assets Net fixed assets Total Assets $ 7,900.00 $12, 725.00) $ 5,175.00 150.00 $ 5325.00 $ 7650.00 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities Deferred taxes Long-term debt Total long-term liabilities Total liabilities $ 900.00 S 700.00 S 390.00 $ 1990.00 $ 650.00 $1004.00 $1654.00 $3644.00 Stockholders' equity Common stock (S1 par value) Paid-in capital in excess of par Retained earnings Total Common equity Total liabilities and stockholders' equity $ 670.00 5 585.00 52.251.00 34006.00 $7650.00 Income Statement Sales revenue Less: Cost of goods sold (COGS)" Gross profit Less: Operating expenses Less: Selling, general, & administrative expenses Less: Depreciation Operating profit Plus: Other income EBIT Less: Interest expense Pretax income Less: Taxes Current Deferred Total taxes Net income after tax Less: Preferred stock dividends Earnings available for common stockholders Less: Dividends Total retained earnings** 2020 $10250.00 $ 7754.00 $ 2196.00 $ 600.00 555.00 $ 500.00 $ 841.00 120.00 $ 961.00 140.00 $ 821.00 $ $ $ $ 325.00 180.00 505.00 795.00 $ 5 790.00 365.00 425.00 S $ f. Which of these 2 companies is the most risky? Probability Rate of return on stock Tania's Services Product Warda's Events 70% 25% Product 0.3 0.2 45% 15% 0.5 -10% 10% Expected Rate of Return Expected Rate of Return