The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Atlantax $ 34,800 (17,240) 17,560 Boston* $ 89,000 (62,180) 26,820 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (11,280) $ 6,280 (18,992) $ 7,828 *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 $17,200 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. Atlanta Boston % % Gross margin percentages Return-on-sales ratios % % 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. Req A1 Req A2 Reg B If Atlanta and Boston have equity of $17,200 and $20,600, respectively, which company is in the more profitable business? Which company is in the more profitable business