The following information applies to the questions displayed below. Below are amounts found in the income statements of three companies. 1400 Required: 1. For each company, calculate (a) gross profit, (b) operating income, (c) income before income taxes, and (d) net income. (Negative amounts should be indicated by a minus sign.) Hints References eBook & Resources 14. a 2-a. For each company, calculate the gross profit ratio 2-b. Which company has the most favorable ratio? O Grace