1 Gomez Company reported net income of $76.525 and net sales of $805,000 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. Required A Required B Compute Gomez's profit margin. Numerator: Profit Margin Denominator: Profit Margin