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 $ 151,000 $570,000 $39,000 $ 258,000 3,000 12,500 600 3,500 15,000 6,000 4,000 500 90,307 357,372 26,832 131,572 (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%) Carrier Lennox Net sales Gross profit Gross margin ratio Trane York Required Required B > Required A Required 13 Which company has the better gross margin ratio? Which company has the better gross margin ratio?