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 $ 36,300 (15,599) 20,710 Boston $ 89,00 (63,289) 25.888 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net income (11,880) $ 8,830 (14,672) $ 11,128 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 $15,600 and $21,400, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Rey A1 Req AZ Red B Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. Atlanta Boston Gross margin percentages Return-on-sales ratios RAD Req A2 > Exercise 4-18A Using ratlos 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 $36,300 (15,590) 20,710 Boston $ 89,00 (63,280) 25,888 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net Income (11,880) $ 8,839 (14,672) $ 11,12B "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 $15.600 and $21,400, 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 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 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 $36,300 (15,598) 20,710 Boston $ 89,90 (63,280) 2 5,898 Net sales Cost of goods sold Gross margin Less: Operating exp. Selling and admin. exp. Net Income (11,880) $ 3,838 (14,672) $ 11,128 "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 $15.600 and $21,400, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Req A1 Reg AZ Red B If Atlanta and Boston have equity of $15,600 and $21,400, respectively, which company is in the more profitable business? Which company is in the more profitable business? Reg A2 REB)