Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $99,000 $75,000 $19,800 $73,000 $85,400 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Profit Margin Ratio Choose Denominator: Choose Numerator: 1 Profit Margin Ratio Profit margin ratio / = % Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $99,000 $75,000 $19,800 $73,000 $85,400 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the return on total assets. Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets - Return on total assets 1 % Profit Margin Ratio Return On Total Assets > Average total assets Cost of goods sold Net income Net sales