Below are amounts found in the income statements of three companies. Sales Cost of Company Revenue Goods Sold Henry $20,000 $6,000 Grace 23,000 17,250 James 28,000 18,760 Operating Expenses $ 4,400 Non- operating Expenses $1,400 3,400 Income Tax Expense $1,400 7,400 3400 2,400 2,400 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James