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Ziehart Pharmaceuticals reported Net Sales of $181,000 and Cost of Goods Sold of $59,500. Candy Electronics Corporation reported Net Sales of $39,000 and Cost of

image text in transcribed Ziehart Pharmaceuticals reported Net Sales of $181,000 and Cost of Goods Sold of $59,500. Candy Electronics Corporation reported Net Sales of $39,000 and Cost of Goods Sold of $28,600. Required: 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) 2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) Ziehart Pharmaceuticals Candy Electronics Corporation Gross Profit % %

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