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//www.ameengage.com/mod/quiz/attempt.php?attempt=4182452&cmid=1176723 Presented below is the comparative income statement of Edison Company for 2019 and 2018. Edison Company Income Statement For the Year Ended June
//www.ameengage.com/mod/quiz/attempt.php?attempt=4182452&cmid=1176723 Presented below is the comparative income statement of Edison Company for 2019 and 2018. Edison Company Income Statement For the Year Ended June 30 2019 2018 Sales $189,742 $101,956 Cost of Goods Sold $119,391 $67,704 Gross Profit $70,351 $34,252 Operating Expenses Administrative Expense $20,804 $14,716 Selling Expense $29,067 $21,756 Total Operating Expenses $49,871 $36,472 Other Income and Expenses Interest Expense $1,711 $1,158 4 Income Before Income Tax $18,769 $-3,378 Income Tax $5,631 $-1,013 $13,138 $-2,365 Net Income (Loss) a) Calculate the following ratios for both years. Do not enter dollar signs or commas in the input boxes Round your answers to 2 decimal places Net Profit Margin Time Interest Earned 2019 2018
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