QS 4-20 (Algo) Computing and analyzing gross margin ratio LO A1 Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 157,000 $ 690,000 $ 45,000 $ 264,000 4,000 15,500 600 3,900 15,000 6,000 4,600 600 92,874 426,503 30, 646 131,307 (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? 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 you margin ratio to 1 decimal place, i.e., 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio Carrier Lennox $ 138,000 $ 668,500 $ $ 45,126 $ 241.997 $ Trane 39,800 $ 9,154 $ York 259,500 128,193 Peque Required 3 > 21 etv 1) MacBook Air 80 000 DU F2 F3 F4 F5 F6 F7 FB $ % A & 2 3. 4 6