Question: QS 4 - 2 3 ( Algo ) Computing and analyzing gross margin ratio LO A 1 CarrierLennoxTraneYorkSales$ 1 5 4 , 0 0 0

QS 4-23(Algo) Computing and analyzing gross margin ratio LO A1
CarrierLennoxTraneYorkSales$ 154,000$ 630,000$ 42,000$ 261,000Sales discounts5,00014,0006003,800Sales returns and allowances18,0006,0004,300700Cost of goods sold88,556393,45028,567138,510
(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?

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