Quiz navigation Osho 8 Not checked Marked out of 5.00 Quen Take me to the text Presented below is the comparative income statement of Edison Company for 2020 and 2019, Edison Company Income Statement For the Year Ended July 31 2020 2019 Sales $181,046 $107,314 Cost of Goods Sold $117,880 560,753 Gross Profit 563,166 546,561 Operating Expenses Administrative Expense $20,522 512,273 Selling Expense $29,137 $22,679 Total Operating Expenses $49,659 $34952 Other Income and Expenses Interest Expense $1,334 51015 Income Before Income Tax $12, 173, 510,094 Income Tax $3,652 $3,178 Net Income Loss $8,521 $7,410 a) Calculate the following ratios for both years. Enter net profit margin as a percentage Do not enter dollar signs or commes in the nout bota Round your answers to 2 decimal places 2020 2010 Not Profit margin Time interest Earned b) in which year does the company have a better performance with respect to the net profit margin calculated in party? Year Check Contact us! Note: The "check" button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the submit and finish" button