Required information The following information applies to the questions displayed below) 12 Below are amounts found in the income statements of three companies. ok Company Henry Grace James Sales Revenue $16,000 19,000 24,000 Cost of Goods Sold $ 3,200 12,350 13,680 Operating Expenses $4,200 7,200. 2,200 Non-operating Expenses $1,200 3,200 0 Income Tax Expense $1,200 0 2,200 at nces 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James