Sales Sales discounts Carrier $ 160,000 2,000 Lennox $ 750,000 17,000 Trane York $ 48,000 $ 267,000 600 4,400 Sales returns and allowances 18,000 Cost of goods sold 93,800 6,000 466,007 4,900 1,300 31,450 130,650 (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. Note: Round your gross margin ratio to 1 decimal place, i.e., 0.2367 s fould be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York