The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company. Boston Net sales Cost of goods sold Gross margin Atlanta $ 35,900 (17,960) 18,940 $ 88,300 (64,780) 23,520 Less: Operating exp. Selling and admin. exp. (11,720) (14,208) Net income $ 7,220 $ 9,312 *All figures are reported in thousands of dollars. Required 0-1. 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 $16,000 and $19,400, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B soven to the nearest Net income $ 7,220 $9,312 "All figures are reported in thousands of dollars. Required e-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 $16,000 and $19,400, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. (Round your answers to the nearest whole percentage.) Atlanta Boston Gross margin percentages Return-on-sales ratios Req A2 > % % % %