Question: i will thumbs you up!! QS 3-32 (Algo) Computing and analyzing profit margin LO A1 Gomez Company reported net income of $67,525 and net sales

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QS 3-32 (Algo) Computing and analyzing profit margin LO A1 Gomez Company reported net income of $67,525 and net sales of $685,000 for the current year. (a) Compute Gomez's profit margin. (b) Assuming Cruz (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales? Complete this question by entering your answers in the tabs below. -1 Required A Required B Compute Gomez's profit margin. Profit Margin Denominator: Numerator: 1 Profit Margin Profit margin 1 1 RENA Required B >

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