IG Saved Cash Accounts receivable Inventory $1,260 Prepaid expenses 3,095 Accounts payable 6,100 Other current liabilities $ 700 5,900 600 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 $170,000 $950,000 $58,000 $ 277,000 5,000 22,000 600 5,400 16,000 6,000 5,900 2,300 98, 340 585, 470 39,655 129, 264 Compute net sales, gross profit, and the gross margin ratio for each of the four separate compa o 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) IN Trane York Net sales Gross profit Gross margin ratio