QS 13-11 Computing profit margin and return on total assets LO P3 Edison Co. reported the following for the current year. Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $80,00 $56,00 $16, eee $60,000 $68,000 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. Profit Margin Ratio Choose Denominator: Choose Numerator: Profit Margin Ratio Profit margin to 96 Return On Total Assets > QS 13-11 Computing profit margin and return on total assets LO P3 Edison Co. reported the following for the current year. Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $80, eee $56,00 $16,808 $60, Bee $68, eee 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 Denominator: Choose Numerator: 11 Return On Total Assets Return on total assets 06