The profit margins of two different companies (a grocery store and a jewelry store) are as follows: Gross profit margin Profit margin Company. A 12.4% 5.8% Company B 65.8% 5.8% Which statement below is true? Company A generates net income of 12.4 cents on every dollar of sales. Company B is more profitable than Company A. For every dollar of sales, Company Bearns 65.8 cents in profit after covering the cost of its product Company A is likely the jewelry store. The profit margins of two different companies (a grocery store and a jewelry store) are as follows: Gross profit margin Profit margin Company A 12.4% 5.8% Company B 65.8% 5.8% Which statement below is true? Company A is likely to have higher days sales in inventory than Company B. Company B's selling general and administrative expense and all other expenses of the company other than cost of goods sold must total 60% of sales. Company A's cost of goods sold amounts to 12.4 cents on every dollar of sales. Unable to determined based on information given