Gomez Company reported net income of $$60,025$ and net sales of $$585,000$ for the current year.

$($a$)$ Compute Gomez's profit margin.

$($b$)$ Assuming Cruz $($a competitor$)$ has a profit margin of $15\%,$ which company is generating more profit on each dollar of s

$00$:$09$:$07$

Complete this question by entering your answers in the tabs below.

Required A

Required B

Compute Gomez's profit margin.

$\backslash$table$[[$Profit Margin$],[$Numerator:$,,$Denominator:,$=,$Profit Margin$],[,,,=,$Profit margin$],[,,,=,]]$