Edison Company reported the following for the current year: $ 80,000 56,000 16,000 60,000 Beginning balance of total assets Ending balance of total assets 68,000 Compute (a) profit margin and (b) return on total assets. Net sales Cost of goods sold Net income Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Numerator: 1 1 1 Profit Margin Ratio Denominator:

Edison Company reported the following for the current year: Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Compute the profit margin ratio