The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlanta*Bonton* 32,500 86,800 (17,180) (62,550) Net sales, Cost of goods sold Gross margin Less Operating exp. Selling and admin, exp. Net income 15,320 24,250 (11,560)(20,450) $ 3,760 3,800 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. (Round your answers to the nearest whole number.) a-2. Ascertain which of the company is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $16,400 and $19,000, respectively, which company is in the more profitable business? Complete this question by entering your answers In the tabs below. Req B Req A2 Req A1 If Atlanta and Boston have equity of $16,40 0 and $19,000, respectively, which company is in the more profitable business? Which company is in the more profitable business