The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlanta $ 35, 100 (17,690) 17.410 Boston $ 87,200 (63, 260) 23,940 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (12,668) $4,750 (17, 010) $ 6,939 "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 $15,600 and $21000, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 ReqB k Reg A1 Req A2 ReqB Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. Gross margin percentages Retum-on-sales ratios Atlanta % % Boston % % Rec A2 > Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Ascertain which of the company is a high-end retailer based on ratios computed. Ascertain which of the company is a high-end retailer based on ratios computed HA Next Complete this question by entering your answers in the tabs below. Req A1 Req A2 Reg B If Atlanta and Boston have equity of $15,600 and $21,000, respectively, which company is in the more profitable business? Which company is in the more profitable business?