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3. Below is a Comparative Income Statement of Max's and Gerry's Corporation. Comparative Income Statements For the Year Ended December 31, 2018 (in '000) Max's

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3. Below is a Comparative Income Statement of Max's and Gerry's Corporation. Comparative Income Statements For the Year Ended December 31, 2018 (in '000) Max's Corp Gerry's Corp Net Sales Less: Cost of Sales Gross Profit Less: Operation Expenses Operating Income Less: Interest Expense Income before Income Tax Less: Income Tax Net Income 200,000.00 160,000.00 40,000.00 10,000.00 30,000.00 3,000.00 27,000.00 10,800.00 16,200.00 3,000.00 1,000.00 2,000.00 500.00 1,500.00 200.00 1,300.00 520.00 780.00 Provide a high level analysis of its performance in the areas of profitability, cost management, interest expense. and return on sales. (10 pts)

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