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  3. sales $ 158,000 $ 710,000 $ 46,000 $ 265,000

Sales $ 158,000 $ 710,000 $ 46,000 $ 265,000...

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Accounting

Sales $ 158,000 $ 710,000 $ 46,000 $ 265,000
Sales discounts 5,000 16,000 600 4,200
Sales returns and allowances 16,000 6,000 4,700 800
Cost of goods sold 92,064 442,384 31,339 131,040

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%.)

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