PSB 9-6 Calculate Merchandise-Related Profitability Ratios Calculate the July and August cost of goods sold and gross margin ratios for Fletcher Corporation. July 2027 August 2027 Cost of Goods Sold $70,200 $67,500 Total Sales $147,900 |$146, 100 1: Cost of goods sold ratio (July): % 2: Cost of goods sold ratio (August): % 3: Gross margin ratio (July): % 4: Gross margin ratio (August): %