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Below are amounts found in the income statements of three companies. Company Sales Revenue Cost of Goods Sold Operating Expenses Non-operating Expenses Income Tax Expense

Below are amounts found in the income statements of three companies.

Company Sales Revenue Cost of Goods Sold Operating Expenses Non-operating Expenses Income Tax Expense
Henry $46,000 $ 11,500 $ 5,700 $2,700 $2,700
Grace 49,000 35,280 16,800 7,700 0
James 54,000 34,560 3,700 0 3,700

For each company, calculate the gross profit ratio.

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