Damita Company reported net income of $60,025 and net sales of $585,000 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. Choose Numerator: Profit Margin Choose Denominator: Profit margin Profit margin