QS 4-20 (Algo) Computing and analyzing gross margin ratio LO A1 Sales Carrier Lennox Trane York $170,000 $950,000 $58,000 $277,000 Sales discounts Sales returns and allowances Cost of goods sold 5,000 22,000 16,000 600 5,400 6,000 98,340 585,470 5,900 39,655 2,300 129,264 (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, i.e., 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio Carrier Lennox Trane York < Required A Required B >