The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Atlanta* $ 32,900 (17,370) 15,530 Boston $ 86,600 (64,300) 22,300 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (12,560) $ 2,970 (17,722) $ 4,578 *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 neares 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 $15,000 and $21,800, 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 If Atlanta and Boston have equity of $15,000 and $21,800, respectively, which company is in the more profitable business? Which company is in the more profitable business? The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Atlanta* $ 32,900 (17,370) 15,530 Boston* $ 86,600 (64,300) 22,300 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (12,560 $ 2,970 (17,722) $ 4,578 *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 $15,000 and $21,800, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Req A1 Reg 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 % % The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Atlanta* $ 32,900 (17,370) 15,530 Boston $ 86,600 (64,300) 22,300 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (12,560) $ 2,970 (17,722) $ 4,578 *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 $15,000 and $21,800, 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 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
