Company A prepared the following common-size income statement to compare ts operating results with its key competitor, Company B Company A Company B 100,0 % 100.0% Revenues 42.1 % 47.8% Cost of goods sold 57.9% Gross profit 52.2% Operating expenses: Sales and marketing expense 26.3% 8.6% 10.8 % General and administrative expense 12.0% Research and development expense 4.1 % 10.2% Total operating expenses 42.4% 29.6% Income before income tax 22.6% 15.5% Income tax expense 5.8% 3.3% Net income (loss) 16.8% 12.2 % Based on the above information, which of the following statements is correct? Comnany B produces higher aross proft ner dollar of sales than CompanyA L