S 4-23 (Algo) Computing and analyzing gross margin ratio LO A1 Sales Carrier $ 154,000 Lennox $ 630,000 Sales discounts 5,000 14,000 Sales returns and allowances Cost of goods sold 18,000 88,556 6,000 393,450 Trane $ 42,000 600 York $ 261,000 3,800 4,300 28,567 700 138,510 (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. (Round your gross margin ratio to 1 decimal place, l.e., 0.2367 should be entered as 23.7%.) Net sales Gross profit Gross margin ratio Carrier Lennox Trane York < Required A Required B >