S 17-15 (Static) Computing profit margin and return on total assets LO P3 Edison Company reported the following for the current year: Net sales 33 Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $ 80,000 56,000 16,000 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: Profit Margin Ratio Denominator: Profit Margin Ratio Profit margin ratio References Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the return on total assets. Numerator: Return On Total Assets Denominator: Return On Total Assets = Return on total assets %