[The following information applies to the questions displayed below. Below are amounts found in the income statements of three companies. Sales Cost of Goods Sold Operating Non-operating Income Tax Expense Company Revenue $34,000 37,000 42,000 Henry Grace James $5,100 25,530 25,620 Expenses $5,100 13,200 3,100 Expenses $2,100 7,100 0 $2,100 0 3,100 value: 6.53 points 2-a. For each company, calculate the gross profit ratio Gross Profit Ratio Henry Grace James