Compute net sales, gross profit, and the gross margin ratio for each of the four...
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Accounting
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
Carrier
Lennox
Trane
York
Sales
$
152,000
$
590,000
$
40,000
$
259,000
Sales discounts
2,000
13,000
600
4,000
Sales returns and allowances
16,000
6,000
4,100
500
Cost of goods sold
90,852
369,437
26,122
149,646
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