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Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 159,000 3,000 $ 730,000 16,500 $ 47,000 $ 266,000 600 4,300 6,000 438,650 4,800 1,200 32,448 130,771 17,000 93,269 (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 should be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York Required A Required B >

Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 159,000 3,000 $ 730,000 16,500 $ 47,000 $ 266,000 600 4,300 6,000 438,650 4,800 1,200 32,448 130,771 17,000 93,269 (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 should be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York Required A Required B >

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 22Q: The following is select account information for August Sundries. Sales: $850,360; Sales Returns and...
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Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 159,000 3,000 $ 730,000 16,500 $ 47,000 $ 266,000 600 4,300 6,000 438,650 4,800 1,200 32,448 130,771 17,000 93,269 (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 should be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York Required A Required B >
Transcribed Image Text:Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $ 159,000 3,000 $ 730,000 16,500 $ 47,000 $ 266,000 600 4,300 6,000 438,650 4,800 1,200 32,448 130,771 17,000 93,269 (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 should be entered as 23.7%. Net sales Gross profit Gross margin ratio Carrier Lennox Trane York Required A Required B >
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