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

Required:

For each company, calculate $($a$)$ gross profit, $($b$)$ operating income, $($c$)$ income before income taxes, and $($d$)$ net income.

$2-$a$.$ For each company, calculate the gross profit ratio.

$2-$b$.$ Which company has the most favorable ratio?

Complete this question by entering your answers in the tabs below.

Req $1$

Req $2$a

For each company, calculate $($a$)$ gross profit, $($b$)$ operating income, $($c$)$ income before income taxes, and $($d$)$ net income.

$($Negative amounts should be indicated by a minus sign.$)$