Which company is operating more efficiently (i.e., has more profitable operations)? Peter Inc. or Tony Inc? Why? (5 points)

Income statement for January & February 2019
Peter Inc.
Revenue	72,000
Cost of goods Sold	10,480
Interest Expense	4,000
Wastage Expense	4,520
Bad Debt Expense	9,000
Insurance Expense	400
Marketing Expense	10,000
Utilities & Wage Exp	12,000
Goodwill Imp. Exp	7,000
Depcreciation Exp	10,000
Discount Expense	1,440
Net Income	3,160
Total Assets of Peter	82000

Income statement for January & February 2019
Tony Inc.
Revenue	144,000
Cost of goods Sold	20,960
Interest Expense	3,000
Wastage Expense	9,040
Bad Debt Expense	18,000
Insurance Expense	800
Marketing Expense	20,000
Utilities & Wage Exp	24,000
Goodwill Imp. Exp	14,000
Depcreciation Exp	20,000
Discount Expense	2,880
Net Income	11,320
Total Assets of Tony	164,000