The following information applies to the questions displayed below.] Below are amounts found in the income statements of three companies. Non- Sales Cost of Operating operating Income Tax Company Revenue Goods Sold Expenses Expenses Expense $2,200 0 3,200 $36,000 Henry 12,600 $5,200 $2,200 7,200 0 26,130 Grace 39,000 James 44,000 25,960 13,300 3,200 value 6.53 points 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 Grace James