Edison Co. reported the following for the current year: Net sales $87,000 Cost of goods sold $63,000 Net income $17,400 Beginning balance of total assets $62,000 Ending balance of total assets $77,200 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Profit Margin Ratio Choose Numerator: / Choose Denominator: 1 Profit Margin Ratio Return On Total Assets < Profit Margin Ratio Compute the return on total assets. Return On Total Assets Choose Numerator: Choose Denominator: Profit Margin Ratio = Profit margin ratio = % Return On Total Assets > = Return On Total Assets = Return on total assets = %