Homework Answers
| Carrier | Lennox | Trane | York | |
| Net sales(Sales-Sales discounts-Sales returns and allowances) | (167,000-3000-19000)=$145,000 | (890,000-20500-6000)=$863500 | (55000-600-5600)=$48800 | (274,000-5100-1400)=$267500 |
| Gross profit(Net sales-Cost of goods sold) | (145,000-96135)=$48865 | (863500-542278)=$321222 | (48800-38064)=$10736 | (267500-130005)=$137495 |
| Gross margin ratio(Gross profit/Net sales) |
(48865/145,000) =33.7% |
(321222/863500) =37.2% |
(10736/48800) =22% |
(137495/267500) =51.4% |
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Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $167,000...
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show work
Sales Sales discounts Sales returns and allowances Cost of goods sold Carrier Lennox Trane York $157,000 $ 690,000 $ 45,000 S 264,000 4,000 15,500 600 3,900 15,000 6,000 4,600 600 92,874 426,503 30,646 131,307 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%.) York Carrier Lennox 138,000 $ 668,500 $ Trane 39,800 $ $...
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