Edison Co. reported the following for the current year: Net sales $97,000 $73,000 Cost of goods sold Net income $19,400 $74,000 Beginning balance of total assets Ending balance of total assets $81,200 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 Denominator: Choose Numerator: Profit Margin Ratio Profit margin ratio 7 N M 4 Return On Total Assets > NX Question 3 - Chapter 13 HW-Cc X + ucation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%25 Saved Net sales Cost of goods sold. $97,000 $73,000 $19,400 Net income $74,000 Beginning balance of total assets Ending balance of total assets $81,200 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 return on total assets. Return On Total Assets Choose Numerator: Return On Total Assets Return on total assets / Choose Denominator: m < Profit Margin Ratio %