Damita Company reported net income of $52,525 and net sales of $485,000 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? Complete this question by entering your answers in the tabs below. Required A Required B Compute Damita's profit margin. Profit Margin Choose Denominator: Choose Numerator: Profit margin Profit margin II 7 Required A Required B Damita Company reported net income of $52,525 and net sales of $485,000 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? Complete this question by entering your answers in the tabs below. Required A Required B Assuming Workfit (a competitor) has a profit margin of 15%, which company is generatin Which company is generating more profit on each dollar of sales?