Required information [The following information applies to the questions displayed below) Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Medical Incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): Net sales Coat of goods sold Gross profit Average inventory Company 1 $400,000 180,000 $220,000 $ 40,000 Company 2 $400,000 330,000 $70,000 $30,000 2. For Company 1 and Company 2. calculate the gross profit ratio. Gross Profit Ratio Company 1 Company 2