Homework Help With Chegg Study | Chegg.com Connect - Sign In Solved: Below are amounts found in the income statements... REQUIRED: Homework Chapter 6 Inventory i Saved Below are amounts found in the income statements of three companies. Sales Company Revenue Henry $26,000 Grace 29,000 James 34,000 Cost of Goods Sold $ 9,100 22,620 23,800 Operating Expenses $ 4,700 7,700 2,700 Non- operating Expenses $1,700 3,700 Income Tax Expense $1,700 6.53 points 2,700 eBook 2-a. For each company, calculate the gross profit ratio. References Gross Profit Ratio Gross profit Net sales Henry Grace Gross profit Net sales James Gross profit Net sales 2-b. Which company has the most favorable ratio? Henry Grace