The following information applies to the quessone displayed below Below are amounts found in the income statements of three companies Opersting Net Sales $22.000 Goods Espenses $1500 3,500 Expense $1500 Henry Grace $ 4,400 4500 9,800 33 points Required: 1. For each company, calculate (a) gross prott, (b) operating income, (e) income before income taxes and (d) net ncome. (Negative amounts should be indicated by a minus sign.) Gress Profit Hanry Grace James 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James 2-b. Which company has the most favorable ratio? Henry . O Grace O James