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Required information The following information applies to the questions displayed below) Company Sales Cost of goods sold Gross margin Operating expenses Net Income $80,000 48,000

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Required information The following information applies to the questions displayed below) Company Sales Cost of goods sold Gross margin Operating expenses Net Income $80,000 48,000 32,000 9,600 $22,400 $180,000 135,000 45.000 12,600 $ 32,400 $120,000 72.ee 48,000 10, 500 $3,200 $100,000 60,000 40,000 10,000 $ 30,000 733 Based on common-sized income statements, which of the companies spent the least on operating expenses in relationship to its sales? Multiple Choice Company A Company Company Company

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