Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.)
a b c d
Sales $ 151,000 $ 570,000 $ 39,000 $ 258,000
Sales discounts 3,000 12,500 600 3,500
Sales returns and allowances 15,000 6,000 4,000 500
Cost of goods sold 90,307 357,372 26,832 131,572
A B C D
Net Sales Gross Profit Gross Margin
