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Ziehart Pharmaceuticals reported Net Sales of $192,000 and Cost of Goods Sold of $65,000. Candy Electronics Corp. reported Net Sales of $50,000 and Cost of

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Ziehart Pharmaceuticals reported Net Sales of $192,000 and Cost of Goods Sold of $65,000. Candy Electronics Corp. reported Net Sales of $50,000 and Cost of Goods Sold of $37,400. 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) Gross Profit % Ziehart Pharmaceuticals Candy Electronics Corp. 2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Ziehart Pharmaceuticals Candy Electronics Corp

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