Cash Accounts receivable Inventory $1,490 Prepaid expenses 2,800 Accounts payable 6,000 Other current liabilities $ 700 5,750 850 Use the above information on current assets and current liabilities to compute the acid-test ratio. Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-test ratio to 1 Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $150,000 $550,000 $38,700 $255, 700 5,000 17,500 600 4,800 20,000 6,000 5,100 900 79,750 329,589 24,453 126,500 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;e.; 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net als Geograf Fill in the blanks in the following separate income statements a through e. (Amounts to be deducted should be indicated by a minus sign.) $ 62,000 $ 43,500 $ 46,000 $ 25,600 8.000 38.000 17,050 Cost of goods sold Merchandise inventory beginning) Total cost of merchandise purchases Merchandisinventory lending) Cost of goods sold 7,500 8,000 32.000 (6,600)| 4,560 6,600 (9.000) (3.000) 16,000 34,050 Grosso 7,000 10,000 3.750 12.150 (8.400) 10,650 16,850 45,600 3.600 42,000 6,000 $ $ $