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Papas Pizza is the market leader and Pizza Prince is an up-and-coming player in the highly competitive delivery pizza business. The companies reported the following
Papas Pizza is the market leader and Pizza Prince is an up-and-coming player in the highly competitive delivery pizza business. The companies reported the following selected financial data ($ in thousands): Papas Pizza Pizza Prince Net sales $24,528 $2,235 Net income 2,623 169 Total assets, beginning 15,398 959 Total assets, ending 15,865 1,557 Required: 1. Calculate the return on assets, profit margin, and asset turnover ratio for Papas Pizza. 2. Calculate the return on assets, profit margin, and asset turnover ratio for Pizza Prince. 3-a. Which company has the more favorable profit margin? 3-b. Which company has the more favorable asset turnover
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