Cost of Goods Sold 6,000 23,760 24,320 Sales Operating Non-operating Income Tax Company Revenue Henry Grace James Expenses $4,900 13,000 2,900 Expenses $1,900 6,900 0 Expense 30,000 33,000 38,000 $1,900 0 2,900 8 6.53 points 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? Henry O Grace James