Below are amounts found In the Income Statements of three companies: Company Net Sales Cost of Good Sold Expense Non-operating Expense Income Tax Expense
Henry $46,000 11,500 $5,700 $2,700 $2,700
Grace 49,000 35,280 16,800 7,700 0
James 54,000 34,560 3,700 0 3,700
Required:
1. For each company, calculate (a) gross profit, (b) Operating income, (c) Income before income taxes, and (d) net income.
2- a. For each company, calculate the gross profit ratio.
2- b. Which company has the most favorable ratio?

answer; specific performance;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.