calculate gross profit ratio

which company has most favorable ratio?

Below are amounts found in the income statements of three companies. Company Henry Grace James Sales Revenue $26,000 29,000 34,000 Cost of Goods Sold $ 9,100 22,620 23, 800 Operating Expenses $ 4,700 7,700 2,700 Non-operating Expenses $1,700 3,700 0 Income Tax Expense $1,700 0 2,700 Exercise 6-16A Part 2 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 Grace O James