Question: 3 Edison Co. reported the following for the current year: 5 Net sales $87,000 ts Cost of goods sold $63,000 Net income $17,400 Beginning

3 Edison Co. reported the following for the current year: 5 Net

3 Edison Co. reported the following for the current year: 5 Net sales $87,000 ts Cost of goods sold $63,000 Net income $17,400 Beginning balance of total assets $62,000 02:58:45 Ending balance of total assets $77,200 eBook Compute (a) profit margin and (b) return on total assets. ferences Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator: < Profit Margin Ratio Profit Margin Ratio = Profit margin ratio = % Return On Total Assets >

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