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Firm 1: Net income was 1000 Sales was 45,000 in 2016, COGS was 25,000, and Operating expense was 15,000. Firm 2: Net income was 900

Firm 1:

Net income was 1000

Sales was 45,000 in 2016, COGS was 25,000, and Operating expense was 15,000.

Firm 2:

Net income was 900

Sales was 40,000 in 2016,

COGS was 22,000, Operating expense was 13,000.

Which one had a better operating efficiency in 2016?

Which manager had better ability to translate sales into profits?

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