00:03:57 int Ziehart Pharmaceuticals reported Net Sales of $191,000 and Cost of Goods Sold of $64,500. Candy Electronics Corporation reported Net Sales of $49,000 and Cost of Goods Sold of $36,600. Required: 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) 2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) Ziehart Pharmaceuticals Candy Electronics Corporation Gross Profit % %

Ziehart Pharmaceuticals reported Net Sales of $191,000 and Cost of Goods Sold of $64,500. Candy Electronics Corporation reported Net Sales of $49,000 and Cost of Goods Sold of $36,600 Required: 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) 2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Complete this question by entering your answers in the tabs below. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.)