Questions#1&2

1) Req A

Req B

Question#2

Gomez Company reported net income of $55,525 and net sales of $525,000 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 sales? Complete this question by entering your answers in the tabs below. Required A Required B Compute Gomez's profit margin. Profit Margin Numerator: Denominator: Profit Margin Profit margin - Required B Complete this question by entering your answers in the tabs below. Required A Required B Assuming Cruz (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales? Which company is generating more profit on each dollar of sales?