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 Boston $ 210,000 $ 230,000 126,000) (179,400) 84,000 50,600 (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. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' 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. 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 percentage.) Boston Gross margin percentages Retum-on-sales ratios Atlanta % % % Req A2 > 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 Boston $ 210,000 $ 230,000 126,000) (179,400) 84,000 50,600 (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. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' 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. Reg A1 Req AZ Req 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. Identify the high-end retailer based on the ratios computed. Which company is the high-end retailer? Reg A1 Reqs > 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 Boston $ 210,000 $ 230,000 126,000) (179,400) 84,000 50,600 (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. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' 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. Req AI Reg A2 Req B If Atlanta and Boston have stockholders' equity of $168,000 and $122,700, respectively, which company is in the more profitable business? Which company is in the more profitable business?