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The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlanta $ 33,800 (17,130) 16,670 Boston $ 86,200 (64,070) 22,130 Net sales Cost of goods sold Gross margin Less: Operating expenses Selling and administrative expenses Net income (11,940) (17,282) $ 4,730 $ 4,848 "All figures are reported in thousands of dollars. Required a-1. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston a-2. Ascertain which of the companies is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $16,200 and $20,200, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Real Reg A1 Reg A2 if Atlanta and Boston have equity of $16,200 and $20,200, respectively, which company is in the more profitable business? Which company is in the more profitable business? Atlanta