Quest Completion Status: The following information is for Barrel and its competitor Crate. Barrel Crate Year 1 Year 2 Year 1 Year 2 Net Sales $347,850 $365,418 $579,750 $664,395 Cost of Sales 121,747 146,167 318,862 312,265 Required: 1. Calculate the dollar amount of gross margin and the gross margin ratio to the nearest percent, for each company for both years. 2. Which company had the more favorable ratio for each year? 3. Which company had the more favorable change in the gross margin ratio over this 2-year period? TT T Arial 3 (12pt) - 25 86% 1 L M O OL