QS 4-15 Computing and analyzing gross margin ratio LO A2 Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 160,000 $ 750,000 $ 48,000 $ 267,000 2,000 17,000 600 4,400 18,000 6,000 4,900 1,300 93,800 466,007 31,450 130,650 Compute net sales, gross profit, and the gross margin ratio for each of the four separate compa 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