Chapter $4$ Reinforcement $($i

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$\backslash$table$[[,$Carrier,Lennox,Trane,,York$],[$Sales$,$$$166,000,$$$870,000,$$$54,000,$$$,273,000],[$Sales discounts,$5,000,20,000,600,,5,000],[$Sales returns and allowances,$18,000,6,000,5,500,,2,000],[$Cost of goods sold,$94,952,537,628,36,883,,129,808]]$

$10$

points

$($a$)$ Compute netrales, gross profit, and the gross margin ratio for each of the four separate companies.

$($b$)$ Which company has the better gross margin ratio?

Complete this question by entering your answers in the tabs below.

Required A

Required B

Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. Note: Round your gross margin ratio to $1$ decimal place, i$.$e$.,0\mathrm{.}2367$ should be entered as $23\mathrm{.}7\%.$

$\backslash$table$[[,$Carrier,Lennox,York$],[$Net sales,,,$],[$Gross profit,,,$],[$Gross margin ratio,,,$]]$