Unit 2 Test - Chapters 4-5 i Saved Help Save & Exit Submit 2 The following information is available for the Memphis and Billings companies Memphis Billings Sales $1,212,000 $1,150,640 cost of goods sold 800,000 878,000 Operating expenses 336,000 229,320 Total assets 1.440,000 1,330,000 Stockholders' equity 380,000 380,000 04.02.07 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 Required 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 dve ERIT 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? a 02:31 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 Company % % Billings Company % 1% Return on assets Return on equity 2 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? 04:02:18 Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Which company is more profitable from the stockholders' perspective? Which company is more profitable from the stockholders' perspective? it 2 Test - Chapters 4-5 Saved Help Save & Exit Submit 2 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? 8 049210 Complete this question by entering your answers in the tabs below. Required A Required B Required Requir]d D One company is a high-end retailer, and the other operates a discount store. Which is the discounter? Which is the discounter?