Edison Company reported the following for the current year: Net sales Cost of goods sold Net income $ 80,000 56,000 16,000 Beginning balance of total assets Ending balance of total assets 60,000 68,000 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. Numerator: 1 1 1 Profit Margin Ratio Denominator: Profit Margin Ratio = Profit Margin Ratio Profit margin ratio = = % Return On Total Assets >

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