QS 4-5 Computing and analyzing gross margin LO A2

		a		b		c		d
Sales	$	150,000	$	550,000	$	38,700	$	255,700
Sales discounts		5,000		17,500		600		4,800
Sales returns and allowances		20,000		6,000		5,100	900
Cost of goods sold		79,750		329,589		24,453	126,500

Compute net sales, gross profit, and the gross margin ratio for each separate caseathroughd.(Round your gross margin ratioto 1 decimal place.)