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Edison Co. reported the following for the current year: Net sales Cost of goods sold...

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Accounting

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Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $84,000 59,000 21,000 63,000 77,000 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers the tabs below. Profit Margin Ratio Return On Total Assets Compute the return on total assets. Return On Total Assets Choose Numerator: 1 Choose Denominator: = Return On Total Assets Net income = Return on total assets | Average total assets 21,000/ $ = 0 % Profit Margin Ratio Return On Total Assets

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