Damita Company reported net income of $69,025 and net sales of $705,000 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: 1 = Profit margin Profit margin 1 Damita Company reported net income of $69,025 and net sales of $705,000 for the current year. (a) Compute Damita's profit margin. (6) 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 generating more profit on each dollar of sales? Which company is generating more profit on each dollar of sales?