8 The following income statements were drawn from the annual reports of the Atlanta Company and...

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8 The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: 0.83 Net sales points Cost of goods sold Atlanta* $ 33,400 (15,180) Gross margin 18,220 Boston* $ 88,300 (62,540) 25,760 Skipped Less: Operating expense Selling and admininstrative expense Net income (11,280) (15,104) $ 6,940 $ 10,656 *All figures are reported in thousands of dollars. eBook Hint Print 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 $16,200 and $22,200, respectively, which company is in the more profitable business? References 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. Note: Round your answers to the nearest whole percentage. Gross margin percentages Return-on-sales ratios Atlanta Boston % % % % Req A1 Req A2 > 8 The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: 0.83 Net sales points Cost of goods sold Atlanta* $ 33,400 (15,180) Gross margin 18,220 Boston* $ 88,300 (62,540) 25,760 Skipped Less: Operating expense Selling and admininstrative expense Net income (11,280) (15,104) $ 6,940 $ 10,656 *All figures are reported in thousands of dollars. eBook Hint Print 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 $16,200 and $22,200, respectively, which company is in the more profitable business? References 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. Note: Round your answers to the nearest whole percentage. Gross margin percentages Return-on-sales ratios Atlanta Boston % % % % Req A1 Req A2 >