Below are amounts found in the income statements of three companies. Sales CompanyRevenue $46,000 49.000 54.000 Cost ofOperating Non-operating Income Tax Expense $2,700 Goods Sold Henry Grace James $11.500 35,280 34.560 Expenses $5,700 16.800 3.700 Expenses $2.700 7.700 0 3.700 Required 1. For each company, calculate (a) gross pront, (b) operating income, (c) income before income taxes, and (d) net income. (Negative amounts should be Gross Profit Operating Income Before Net Income / Income Income taxes Loss Henry Grace James 2-a. For each company, calculate the gross profit ratio Gross Profit Ratio Henry Grace James 2-b. Which company has the most favorable ratio? O Henry O Grace James