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1. Perform a comparative analysis of Rapid Retail Corporation by completing the analysis below. 2. Describe and comment on any significant findings in your comparative

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1. Perform a comparative analysis of Rapid Retail Corporation by completing the analysis below. 2. Describe and comment on any significant findings in your comparative analysis. Rapid Retail Corporation Comparative Income Statement For the Year Ended December 31 Increase (Decrease) (In thousands of dollars) 2018 2017 Dollars Percent Net sales $30,000 $28,000 Cost of goods sold 20,000 19,500 Gross profit 10,000 8,500 Selling, general and 3,000 administrative expense 2,900 Operating income 7,000 5,600 interest expense 100 80 Income before taxes 6,900 5,520 Income tax expense 2,000 1,600 Net income $ 4,900 $ 3,920

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