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SOLVED: QS 4-15 Computing and analyzing gross margin ratio LO A2 Carrier Lennox Trane York Sales 150,000550,000 38,700255,700 Sales discounts 5,00017,500 6004,800 Sales returns and allowances 20,0006,000 5,100900 Cost of goods sold 79,750329,589 24,453126,500 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%.)

SOLVED: QS 4-15 Computing and analyzing gross margin ratio LO A2 Carrier Lennox Trane York Sales 150,000550,000 38,700255,700 Sales discounts

VIDEO ANSWER: Hello everyone. So the question says that compute net sales gross profit and gross margin ratio for each of the falling four separate companies. …

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