Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier $ 170,000 5,000 16,000 98,340 Lennox $ 950,000 22,000 6,000 585, 470 Trane $ 58,000 600 5,900 39,655 York $ 277,000 5,400 2,300 129,264 (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, i.e., 0.2367 should be entered as 23.7%.) Carrier Lennox Trane York Net sales Gross profit Gross margin ratio Renee Required B > Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier $ 170,000 5,000 16,000 98,340 Lennox 950,000 22,000 6,000 585, 470 Trane $ 58,000 600 5,900 39,655 York $ 277,000 5,400 2,300 129,264 (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 Which company has the better gross margin ratio? Which company has the better gross margin ratio?