Question
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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The Economics Of Money Banking And Finance
Authors: Keith Bain, Peter Howells
1st Edition
0582278007, 9780582278004
