Below are amounts found in the income statements of three companies. Sales Company Revenue Henry $20,000 Grace 23,000 James 28,000 Cost of Goods Sold $6,000 17,250 18,760 Operating Expenses $ 4,400 7,400 2,400 Non- operating Expenses $1,400 3,400 0 Income Tax Expense $1,400 2,400 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James