2.5 points Skipped Damita Company reported net income of $55,525 and net sales of $525,000 for the current year. (a) Compute Damita's profit margin. (b) Assuming Workfit (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales?

Damita Company reported net income of $55,525 and net sales of $525,000 for the current year. (a) Compute Damita's profit margin. (b) Assuming Workfit (a competitor) has a profit margin of 15%, which company is generating more profit on eack