The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company. Atlanta Boston $ 35,700 $ 86,400 Net sales Cost of goods sold Gross margin Less: Operating expenses Selling and administrative expenses Net income (17,230) 18,470 (63,380) 23,020 (15,810) $ 6,390 $ 7,210 (12,080) "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 $16,000 and $20,600, 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 number.) Gross margin percentages Retum-on-sales ratios Atlanta Boston % % % %