Presented below is the comparative income statement of Edison Company for 2018 and 2017. Edison Company…

Presented below is the comparative income statement of Edison
Company for 2018 and 2017.

Edison Company

Income Statement

For the Year Ended November 30

2018
2017

Sales
$188,611
$123,848

Cost of Goods Sold
$110,424
$64,407

Gross Profit
$78,187
$59,441

Operating Expenses

Administrative Expense
$21,184
$10,508

Selling Expense
$27,225
$22,419

Total Operating Expenses
$48,409
$32,927

Other Income and Expenses

Interest Expense
$1,251
$867

Income Before Income Tax
$28,527
$25,647

Income Tax
$8,558
$7,694

Net Income (Loss)
$19,969
$17,953

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.

2018
2017

Net Profit Margin
Answer
Answer

Time Interest Earned
Answer
Answer

b) In which year does the company have a better performance with
respect to the net profit margin calculated in part a)?
Year: