QS 4-23 (Algo) Computing and analyzing gross margin ratio LO A1 Sales Carrier $ 153,000 Lennox $ 610,000 Trane $ 41,000 Sales discounts 4,000 13,500 600 York $ 260,000 3,500 Sales returns and allowances 17,000 Cost of goods sold 89,364 6,000 368,472 4,200 1,000 27,874 149,723 (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. Note: Round your gross margin ratio to 1 decimal place, l.e., 0.2367 should be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York Required A Required B