Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $189,000 and Cost of Goods Sold of $63,500. Candy Electronics Corp. reported Net Sales of $47,000 and Cost of Goods Sold of $35,000.

a.

Calculate the Gross Profit Percentage for both companies.

	Gross Profit
Sole Occhiali Group		? %
Candy Electronics Corp.		? %

b.

Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold?

multiple choice

• A) Sole Occhiali Group

• B) Candy Electronics Corp.