Calculate the gross profit percentage for both companies

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Question

Ziehart Pharmaceuticals reported Net Sales of $178,000 and Cost of Goods Sold of $58,000. Candy Electronics Corp. reported Net Sales of $36,000 and Cost of Goods Sold of $26,200.

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?

Ziehart Pharmaceuticals

Candy Electronics Corp.

Reference no: EM132404601

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