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Ziehart Pharmaceuticals reported Net Sales of $196,000 and Cost of Goods Sold of $67,200. Candy Electronics Corp. reported Net Sales of $54,000 and Cost of Goods Sold of $40,600. Problem 1: Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.)
Problem 2: Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold?
Option 1: Ziehart Pharmaceuticals
Option 2: Candy Electronics Corp
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