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 Revenue $40,000 43,000 48,000 Cost of Goods Sold $16,000 27,950 27,360 Operating Expenses $ 5,400 16,500 3,400 Non-operating Expenses $2,400 7,400 0 Income Tax Expense $2,400 0 3,400 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry 0 Grace 0 James 0