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Which company is in the more profitable business? Ascertain which of the companies is a high-end retailer based on ratios computed. begin{tabular}{|l|l|l|l|l|} hline & multicolumn{2}{|c|}{
Which company is in the more profitable business? Ascertain which of the companies is a high-end retailer based on ratios computed. \begin{tabular}{|l|l|l|l|l|} \hline & \multicolumn{2}{|c|}{ Atlanta } & \multicolumn{2}{c|}{ Boston } \\ \hline Gross margin percentages & & % & & % \\ \hline Return-on-sales ratios & & % & & % \\ \hline \end{tabular} *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. Ascertain which of the companies is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $15,600 and $20,200, respectively, which company is in the more profitable business
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