Given data Sales Sales discounts Salen returns and allowances Cost of goods sold Carrier Lennox $ 157,000

 Given data
 

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Sales Sales discounts Salen returns and allowances Cost of goods sold Carrier Lennox $ 157,000 $ 690,000 4,000 15,500 6,000 15,000 92,874 426,503 Trane York $ 45,000 $264,000 600 4,600 30,646 3,900 600 131,307 (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? Sales Sales discounts Salen returns and allowances Cost of goods sold Carrier Lennox $ 157,000 $ 690,000 4,000 15,500 6,000 15,000 92,874 426,503 Trane York $ 45,000 $264,000 600 4,600 30,646 3,900 600 131,307 (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?

Answer rating: 100% (QA)

ANSWER Solution GP Crass Profit Sales Sales Discount Sales Returns Allow conces ost of goods ... View the full answer