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Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $180,000 and Cost of Goods Sold of $59,000. Candy Electronics Corp. reported
Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $180,000 and Cost of Goods Sold of $59,000. Candy Electronics Corp. reported Net Sales of $38,000 and Cost of Goods Sold of $27,800. a. Calculate the Gross Profit Percentage for both companies. (Round your answers to 1 decimal place.) b. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Sole Occhiali Group Candy Electronics Cor
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