The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income Atlanta" $ 35,3ee (16,630) 18,670 Boston $ 87,2ee (64,220) 22,988 50 (12,200) $ 6,470 (14,914) $ 8,066 "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 $16,200 and $21,800, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Red 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. ces Complete this question by entering your answers in the tabs below. Reg A1 Req A2 ReqB If Atlanta and Boston have equity of $16,200 and $21,800, respectively, which company is in the more profitable business? Which company is in the more profitable business?