Question: Edison Co. reported the following for the current year: Net sales $90,000 Cost of goods sold $65,000 Net income $23,400 Beginning balance of total

Edison Co. reported the following for the current year: Net sales $90,000 Cost of goods sold $65,000 Net income $23,400 Beginning balance of total assets $75,000 Ending balance of total assets $81,000 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. Choose Numerator: Profit Margin Ratio Choose Denominator: Profit Margin Ratio Profit margin ratio = % Profit Margin Ratio Return On Total Assets: >
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