The following Income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlanta Boston. $ 210,000 $ 230,000 (126,000) (179,400) 84,000 50,600 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (67,200) (32,200) $ 16,800 $ 18,400 *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. Ascertain which of the company is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $168,000 and $122,700, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston Atlanta Boston Gross margin percentages Return-on-sales ratios % % % Required A2 > Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B 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. 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 Complete this question by entering your answers in the tabs below. Required A1 Required A2 Required B If Atlanta and Boston have equity of $168,000 and $122,700, respectively, which company is in the more profitable business? Which company is in the more profitable business?