QS 4-14 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold $150,000 5,000 20,000 79,750 $550,000 $38,700 17,500 600 6,000 5,100 329,58924,453 $255,700 4,800 900 126,500 Compute net sales, gross profit, and the gross margin ratio for each separate case a throu decimal place; i.e.; 0.2367 should be entered as 23.7%.) (a) (b) (c) (d) Net sales Gross profit Gross margin ratio | S L