can you please type it done includeing the fomula on how you got the answer please

Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies. Memphis Billings $ 918,000 $ 1,114,240 640,000 725,000 230,000 326,620 1,450,000 310,000 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? 1,340,000 320,000 Complete this question by entering your answers in the tabs below. Required Required B Required C Required D 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 % S 0 0 0.0 0.0 Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies. Memphis $ 918,000 640,000 230,000 1,340,000 320,000 Sales Cost of goods sold Operating expenses. Total assets Stockholders' equity. Required a. Prepare 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? Required A Required B Required C Complete this question by entering your answers in the tabs below. Return on assets Return on equity Required D Memphis Company % % Billings $ 1,114,240 Compute the return on assets and return on equity for each company. (Round your answers to 1 decimal place.) Billings Company 725,000 326,620 1,450,000 310,000 % % Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies. Memphis $918,000 640,000 230,000 1,340,000 320,000 Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Billings $ 1,114,240 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 i the discounter? 725,000 326,620 1,450,000 310,000 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required C Which company more profitable from the stockholders' perspective? Which company is more profitable from the stockholders' perspective? Exercise 4-19A (Algo) Using common size statements and ratios to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies. Memphis $918,000 640,000 230,000 1,340,000 320,000 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? Required A Required B Complete this question by entering your answers in the tabs below. Required C Billings $ 1,114,240 Required D 725,000 326,620 1,450,000 310,000