Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have done these twice and still not right. The Work you have completed so far. It does not indicate completion. Return to question QS

image text in transcribed

I have done these twice and still not right.

The Work you have completed so far. It does not indicate completion. Return to question QS 5-15 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier York $ 161,000 $ 770,000 $ 49,000 $ 268,000 4,000 17,500 600 4,500 19,000 6,000 5,000 1,5ee 92,322 471,788 33,418 130,476 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%.) Answer is complete but not entirely correct. $ Carrier 138 000 $ 45 678 $ 0.3% X Trane 43 400 $ 9 982$ 02% X Lennox 746,500 $ 274.712 $ 0.4% X Net sales York 262000 131 524 0 5% X $ Gross profit Gross margin ratio 5 of 8 HE W P N

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach Chapters 1-15

Authors: Jeffrey Slater

7th Edition

0130954888, 978-0130954886

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago

Question

Describe alternative paid time off policies.

Answered: 1 week ago

Question

Describe customized benefit plans.

Answered: 1 week ago