JoaoCo has a gross profit percentage of 61%, while Mustafa Corp. has gross profit percentage of 37%. Which of the following statements is correct? Multiple Choice JoaoCo and Mustafa Corp. both earn enough on each sale to make a contribution to their operating costs. Mustafa Corp. must have a greater sales volume than JoaoCo. O JoaoCo will report a higher net income than Mustafa Corp. O JoaoCo is more efficient at controlling selling, general, and administrative expenses than Mustafa Corp