Carrier Sales Sales discounts $ 164,000 2,000 Sales returns and allowances Cost of goods sold 16,000 97,236 Lennox $ 830,000 19,000 6,000 514,395 Trane York $ 52,000 $ 271,000 600 4,800 5,300 1,700 34,114 130,134 (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, i.e., 0.2367 should be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York