Answer:
The Net sales of Carrier, Lennox, Trane, York is $125,000, $526,500, $33,000 , and $250,000 respectively
The gross profit of Carrier, Lennox, Trane, York is $45,250, $196,911, $8,547, and $123,500 respectively
The gross margin ratio of Carrier, Lennox, Trane, York is 36.2%, 37.4%, 37.4%, and 49.4% respectively.
Explanation:
The computation of the net sales is shown below:
= Sales - sales discounts - sales returns and allowances
For Carrier, the net sales would be
= $150,000 - $5,000 - $20,000
= $125,000
For Lennox, the net sales would be
= $550,000 - $17,500 - $6,000
= $526,500
For Trane, the net sales would be
= $38,700 - $600 - $5,100
= $33,000
For York, the net sales would be
= $255,700 - $4,800 - $900
= $250,000
The computation of the gross profit is shown below:
= Net sales - cost of goods sold
For Carrier, the gross profit would be
= $125,000 - $79,750
= $45,250
For Lennox, the gross profit would be
= $526,500 - $329,589
= $196,911
For Trane, the gross profit would be
= $33,000 - $24,453
= $8,547
For York, the gross profit would be
= $250,000 - $126,500
= $123,500
The computation of the gross margin is shown below:
= (Gross margin ÷ net sales) × 100
For Carrier, the gross margin ratio would be
= ($45,250 ÷ $125,000) × 100
= 36.2%
For Lennox, the gross margin ratio would be
= ($196,911 ÷ $526,500) × 100
= 37.4%
For Trane, the gross margin ratio would be
= ($8,547 ÷ $33,000) × 100
= 25.9%
For York, the gross margin ratio would be
= ($123,500 ÷ $250,000) × 100
= 49.4%
