48. An analyst gathers the following annual information on three companies: | | Company A | Company B | Company C | |----------------|-------------|--------------|---------------| | Sales | $40,000 | $200,000 | $450,000 | | Cost of sales | $21,000 | $110,000 | $240,000 | | Selling, general and administrative | $6,000 | $24,000 | $48,000 | | All other operating expenses | $1,000 | $2,000 | $5,000 | | Operating income | $12,000 | $64,000 | $157,000 | | Interest and other expense | $2,000 | $0 | $14,000 | | Taxes | $4,000 | $26,000 | $58,000 | | Net income | $6,000 | $38,000 | $85,000 | The company with the highest gross profit margin is: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz

An analyst gathers the following annual information on three companies:

Company A Company B Company C
Sales $40,000 $200,000 $450,000
Cost of sales $21,000 $110,000 $240,000
Selling, general and administrative $6,000 $24,000 $48,000
All other operating expenses $1,000 $2,000 $5,000
Operating income $12,000 $64,000 $157,000
Interest and other expense $2,000 $0 $14,000
Taxes $4,000 $26,000 $58,000
Net income $6,000 $38,000 $85,000

The company with the highest gross profit margin is:

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