QS 4-23 (Algo) Computing and analyzing gross margin ratio LO A1 Carrier Lennox Trane York Sales $166,000 $870,000 $54,000 $273,000 Sales discounts 5,000 20,000 600 5,000 Sales returns and allowances 18,000 6,000 5,500 2,000 Cost of goods sold 94,952 537,628 36,883 129,808 (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 sep "],[" margin ratio to "1" decimal place, i.e., "0.2367" should be entered as "23.7%".) "]:}

QS 4-23 (Algo) Computing and analyzing gross margin ratio LO A1 (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. Which company has the better gross margin ratio