54.7A, E4-12A, 14-15A, E4-18A, P4-23A Saved Help 6 10 points The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlantas Bostone Net sales $ 35,800 $ 86,500 Cost of goods sold (15,890) (64,500) Gross margin 19,910 22,000 Less: Operating exp. Selling and admin. exp. (12,480) (12,730) Net income $ 7,430 $ 9,270 eBook Hint *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.) 3-2. Ascertain which of the company is a high-end retailer based on ratios computed, b. If Atlanta and Boston have equity of $17600 and $20,600, respectively, which company is in the more profitable business? Ask Complete this question by entering your answers in the tabs below. Print References Reg A1 Reg A2 ReqB Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston Atlanta Boston Gross margin percentages Return-on-sales ratios % Reg AZ 6 ants The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlantas Boston Net sales $ 35,800 $ 86,500 Cost of goods sold (15,890) (64,500) Gross margin 19,910 22,000 Less: Operating exp. Selling and admin. exp. (12,480) (12,730 Net income $ 7,430 $ 9,270 eBook Hint "All figures are reported in thousands of dollars. Required 2-1. 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 $17,600 and $20,600, respectively, which company is in the more profitable business? ASR Complete this question by entering your answers in the tabs below. Print Reg A1 Reg A2 Reg B References Ascertain which of the company is a high-end retailer based on ratios computed. Ascertain which of the company is a high-end rotater based on ratios computed. 6 The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company: 0 soints Atlantas $ 35,800 (15,890) 19,910 Boston $ 86,500 (64,500) 22,000 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net Income (12,480) $ 7,430 (12,730) $ 9,270 eBook Hint *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 $17,600 and $20,600, respectively, which company is in the more profitable business? Ask Complete this question by entering your answers in the tabs below. Print Reg A1 Reg A2 Reg B References If Atlanta and Boston have equity of $17,600 and $20,600, respectively, which company is in the more profitable business? Which company is in the more profitable business?