O Required information The following information applies to the questions displayed below.) Below are amounts found in the income statements of three companies. Company Henry Grace James Sales Revenge $20,000 23,000 28,000 Cost of Goods Sold $ 5,800 17,250 18,760 Operating Expenses $4,400 7,400 2,400 Non operating Expenses $1,400 3,400 0 Income Tax Expense $1,400 0 2,400 Required: 1. 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.) Gross Profit Operating Income Income Before Net Income income taxes Loss Henry Grace James Required information [The following information applies to the questions displayed below.) Below are amounts found in the income statements of three companies. Income Tax Expense $1,400 Company Henry Grace James Sales Revenue $20,000 23,000 28,000 Cost of Goods Sold $ 6,000 17,250 18,760 Non-operating Expenses $1,400 3,400 Operating Expenses $4,400 7,400 2,400 2,400 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James