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Exercise 4-19A Using common size statements and ratlos to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies: Memphis Billings Sales $1,188,688 $1,222,680 Cost of goods sold 783,888 864,888 Operating expenses 305,480 299,480 Total assets 1,130, eee 1,428,888 Stockholders' equity 350,eee 488, eee 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 % Sales $1,188,600 100.00 $1 222.600 Cost of goods sold Gross margin Operating expenses 884,800 357.800 0.0 788,800 401,800 305,400 $ 96,400 65.5 34.5 25.8 8.7 $ 357,800 0.0 Exercise 4-19A Using common size statements and ratios to make comparlsons LO 4-8 The following information is available for the Memphis and Billings companies: Memphis Billings Sales $1,188,600 $1,222, 688 Cost of goods sold 783,800 864,see Operating expenses 385,480 299,480 Total assets 1, 138,eee 1,420,00 Stockholders' equity 350,000 488,888 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 company. (Round your answers to 1 decimal place. Memphis Billings Company Company Return on assets 30 Return on equity Exercise 4-19A Using common size statements and ratlos 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 $1,188,688 783,880 385,480 1,130,000 358,888 Billings $1,222,689 864,800 299,488 1,428,eee 480,000 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 Which company is more profitable from the stockholders' perspective? Which company is more profitable from the stockholders' perspective? Required B Required D > Exercise 4-19A Using common size statements and ratlos to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies: Billings Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $1,188,600 783,888 305,480 1,130, eee 350, eee $1,222, 688 864,888 299,480 1,420, eee 488,eee 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 Required One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Which is the discounter? Exercise 4-19A Using common size statements and ratlos 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 $1,188,688 783,880 385,480 1,130,000 358,888 Billings $1,222,689 864,800 299,488 1,428,eee 480,000 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 Which company is more profitable from the stockholders' perspective? Which company is more profitable from the stockholders' perspective? Required B Required D > Exercise 4-19A Using common size statements and ratlos to make comparisons LO 4-8 The following information is available for the Memphis and Billings companies: Billings Sales Cost of goods sold Operating expenses Total assets Stockholders' equity Memphis $1,188,600 783,888 305,480 1,130, eee 350, eee $1,222, 688 864,888 299,480 1,420, eee 488,eee 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 Required One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Which is the discounter?