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Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier $ 163,000 3,000 15,000 96,715 Lennox $ 810,000 18,500 6,000 485,439 Trane $ 51,000 600 5,200 35,256 York $ 270,000 4,700 1,300 130,416 (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. (Roun margin ratio to 1 decimal place, i.e., 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit + Gross margin ratio Required A Required B > Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier $ 163,000 3,000 15,000 96,715 Lennox $ 810,000 18,500 6,000 485, 439 Trane $ 51,000 600 5,200 35,256 York $ 270,000 4,700 1,300 130,416 (a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate com (b) Which company has the better gross margin ratio? Complete this question by entering your answers in the tabs below. Required A Required B Which company has the better gross margin ratio? Which company has the better gross margin ratio?