Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income Atlanta $ 35,800 (16,780) 19,020 Boston $ 88,900 (63,800) 25,100 (11,720) (15,440) $ 7,300 $ 9,660 *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. One of the companies is a high-end retailer that operates in exclusive shopping malls. The other operates discount stores located in low-cost, standalone buildings. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' equity of $15,400 and $21,000, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. (Round your answers to the nearest whole percentage.) Gross margin percentages Return-on-sales ratios Atlanta Boston %