Help SI 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: Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $1,268,640 830,520 326,760 1,120,000 390,000 Billings $1,241,720 912,52e 278,100 1,140,000 350,000 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? Complete this question by entering your answers in the tabs below. Required A 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 % Billings 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? Complete this question by entering your answers in the tabs below. Required A 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 Billings cost of goods Solo Operating expenses Total assets Stockholders' equity 326,760 1,120,000 390,000 278,100 1,140,000 350,000 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? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Compute the return on assets and return on equity for each mpany. (Round your answers to 1 decimal place.) Memphis Company % Billings Company Return on assets % % Return on equity 166 points 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? eBook Complete this question by entering your answers in the tabs below. Hint Required A Required B Required C Required D Print Which company is more profitable from the stockholders' perspective? References Which company is more profitable from the stockholders' perspective? here to search E Prisen Home End 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? Book Complete this question by entering your answers in the tabs below. Required A Required B Required C Required rint One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Fences Which is the discounter? e to search i Presch Home