Question: stuck on this question Exercise 4-18A (Algo) Using ratios to make comparisons LO 4-8 The following income statements were drawn from the annual reports of

 stuck on this question Exercise 4-18A (Algo) Using ratios to makecomparisons LO 4-8 The following income statements were drawn from the annualreports of the Atlanta Company and the Boston Company Atlanta $ 32,700(16,640) 16,060 Net sales Cost of goods sold Gross margin Lest Operating

stuck on this question
exp. Selling and admin. exp. Net income Boston $ 86,900 (62,260) 24,640
(11,420) $ 4,640 (18,754) $ 5,886 *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. One of the companies is a high-end

Exercise 4-18A (Algo) 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 $ 32,700 (16,640) 16,060 Net sales Cost of goods sold Gross margin Lest Operating exp. Selling and admin. exp. Net income Boston $ 86,900 (62,260) 24,640 (11,420) $ 4,640 (18,754) $ 5,886 *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. 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 $16,400 and $21,800, respectively, which company is in the more profitable business? Complete this question by entering your answers in the tabs below. Reg A1 Req A2 ReqB Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston: (Round your answers to the nearest whole percentage) Boston Gross margin percentages Return-on-sales ratios Atlanta % % 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 operate in low-cost, standalone buildings. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' equity of $16,400 and $21,800, respectively, which company is in business? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Reg B Compute the gross margin percentages and return-on-sales ratios of Atlanta and Boston. (Round your answers to whole percentage.) Gross margin percentages Return-on-sales ratios Atlanta % % Boston % % Reg A1 Req A2 > Less: Operating exp. Selling and admin. exp. Net income (11,420) $ 4,640 (18,754) $ 5,886 "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. One of the companies is a high-end retailer that operates in exclusive shopping malls. The other operates discount stores locate in low-cost, standalone buildings. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' equity of $16,400 and $21,800, 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 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 Which company is the high-end retailer? *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. One of the companies is a high-end retailer that operates in exclusive shopping malls. The other operates discount store in low-cost, standalone buildings. Identify the high-end retailer based on the ratios computed. b. If Atlanta and Boston have stockholders' equity of $16,400 and $21,800, respectively, which company is in the more profita business? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B If Atlanta and Boston have stockholders' equity of $16,400 and $21,800, respectively, which company is in the more profitable business? Which company is in the more profitable business?

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