QS 15-24 (Algo) Gross profit ratio LO A1 A manufacturer reports sales of $100,000 and cost of goods sold of $75,000. 1. Compute its gross profit ratio. 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? 1. Gross profit ratio 2. If competitors average a 10% gross profit ratio, does this manufacturer compare favorably or unfavorably to its peers? %