Damita Company reported net income of $73,525 and net sales of $765,000 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: 1 Net income Profit Margin Choose Denominator: / Net sales 13 Required A = = Profit margin Profit margin 0.0% Required B >

Damita Company reported net income of $73,525 and net sales of $765,000 for the current year. (a) Compute Damita's profit margin. (b) Assuming Workft (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. Compute Damita's profit margin