2.5 oints 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? + eBook Complete this question by entering your answers in the tabs below. Required A Required B Hint Compute Gomez's profit margin. Print Numerator: Profit Margin Denominator: = Profit Margin Profit margin References Required A Required B > 12.5 points eBook Hint Print References 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. Required A Required B Assuming Cruz (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales? Which company is generating more profit on each dollar of sales? < Required A Required B