S 13-15 (Algo) Computing profit margin and return on total assets LO P3 Edison Company reported the following for the current year: Net sales $ 91,000 Cost of goods sold 67,000 Net income 21,840 Beginning balance of total assets 66,000 Ending balance of total assets Compute (a) profit margin and (b) return on total assets. 79,600 Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Numerator: Profit Margin Ratio Denominator: Profit Margin Ratio Profit margin ratio % Edison Company reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets $91,000 67,000 21,840 66,000 79,600 Ending balance of total assets 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. Numerator: Return On Total Assets Denominator: Return On Total Assets Return on total assets % < Profit Margin Ratio Return On Total Assets