The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: Net sales Cost of goods sold dross margin Less Operating exp. Selling and admin. exp. Net income Atlanta Bonton $ 33,500 $ 87,000 (15,370). 162,500). 18,130 24,500 112.640) $ 5,490 (18,164) $ 6,336 Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. Atlanta % Boston % Gross margin percentages Retum-on-sales ratios % % Ascertain which of the company is a high-end retailer based on ratios computed, Which company is in the more profitable business