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(Solved): pls (a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate co ...
pls
(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. 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 \( 23.7 \% \).)
Which company has the better gross margin ratio?
Expert Answer
Solution : a) Particulars Carrier Lennox Trane York Net Sales (A) 134,000 571,000 35,300 254,500 Less: Cost of goods sold (B) 90,852 369,437 26,122 149,646 Gross Profit (A) - (B) 43,148 201,563 9,178 104,854 Gross Pro