5 A manufacturer reports sales of $80,000 and cost of goods sold of $60,000. 1. Compute its gross profit ratio. 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? 2 ints 1. Gross profit ratio eBook 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? % Favorably Print References