[The following information applies to the questions displayed below.) Below are amounts found in the income statements of three companies. Company Henry Grace James Sales Revenue $50,000 53,000 58,000 Cost of Goods Sold $15,000 39,220 38,280 Operating Expenses $ 5,900 14,100 3,900 Non-operating Expenses $2,900 7.900 0 Income Tax Expense $2,900 0 3,900 Exercise 6-16B Part 2 2-a. For each company, calculate the gross profit ratio. Gross Profit Ratio Henry Grace James