Exercise 4-18A Using ratios to make comparisons LO 4-8 The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlanta $ 35,00 (17,720) 17,280 Boston $ 88,800 (63,420) Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (11,320) $ 5,960 (16,980) $ 8,400 "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 (Round your answers to the nearest whole number.) 0-2. Ascertain which of the company is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $15,400 and $21,000, 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. Atlanta Boston Gross margin percentages Return-on-sales ratios Reg A2 > GAGICI The following income statements were drawn from the annual reports of the Atlanta Company and the Boston Company Atlanta $ 35,000 (17.720) 17,280 Boston $ 88,888 (63,420) 25,380 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net Income (11,320) $ 5,960 (16.980) 8,400 $ "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 (Round your answers to the nearest whole number.) 0-2. Ascertain which of the company is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $15,400 and $21,000, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Regal Reg A1 Rahaz Reh A2 Rego ReqB Ascertain which of the company is a high-end retailer based on ratios computed. Ascertain which of the company is a high-end retailer based on ratios computed. $ 35,00 (17.720) 17,280 UI _(63,420) 25,380 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net Income (11,320) 5,960 (16,980) 8,400 $ $ *All figures are reported in thousands of dollars. Required 6-1. Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. (Round your answers to the nearest whole number.) 8.2. Ascertain which of the company is a high-end retailer based on ratios computed. b. If Atlanta and Boston have equity of $15,400 and $21,000, 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 If Atlanta and Boston have equity of $15,400 and $21,000, respectively, which company is in the more profitable business? Which company is in the more profitable business?