es QS 4-23 (Algo) Computing and analyzing gross margin ratio LO A1 Sales Carrier $ 158,000 Lennox $710,000 Trane $ 46,000 York Sales discounts 5,000 16,000. 600 $ 265,000 4,200 Sales returns and allowances 16,000 Cost of goods sold 92,064 6,000 442,384 4,700 31,339 800 131,040 (a) Compute net sales, 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. (Round your gross margin ratio to 1 decimal place, l.e., 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio Carrier Lennox Trane York QS 4-23 (Algo) Computing and analyzing gross margin ratio LO A1 Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox $158,000 5,000 $710,000 16,000 Trane $ 46,000 York $265,000 600 4,200 16,000 92,064 6,000 442,384 4,700 31,339 800 131,040 (a) Compute net sales, 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. t Required A Required B Which company has the better gross margin ratio? nces Which company has the better gross margin ratio