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  3. ziehart pharmaceuticals reported net sales of $186

Ziehart Pharmaceuticals reported Net Sales of $186,000 and Cost of Goods Sold of $62,000. Candy...

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Accounting

Ziehart Pharmaceuticals reported Net Sales of $186,000 and Cost of Goods Sold of $62,000. Candy Electronics Corporation reported Net Sales of $44,000 and Cost of Goods Sold of $32,600.
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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Required 2
Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.)
\table[[,Gross Profit],[Ziehart Pharmaceuticals,%
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