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Ziehart Pharmaceuticals reported Net Sales of $185,000 and Cost of Goods Sold of $61,500. Candy Electronics Corporation reported Net Sales of $43,000 and Cost of
Ziehart Pharmaceuticals reported Net Sales of $185,000 and Cost of Goods Sold of $61,500. Candy Electronics Corporation reported Net Sales of $43,000 and Cost of Goods Sold of $31,800. Required: Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold
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