! Required information [The following information applies to the questions displayed below.] The following selected financial data ($ in thousands) was reported by Salsa's Restaurant and Los Aztecos. Both restaurants hope to provide their customers with the best tasting burritos in their region. Salsa's focuses on high quality ingredients and Los Aztecos focuses on low cost. Net sales Net income Total assets, beginning Total assets, ending Salsa's $110,049 27,722 76,983 119,971 Los Aztecos $63,871 5,292 41,999 48,133 Required: 1. Calculate Salsa's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator . Return on Assets Return on assets = = = 0 Profit Margin Choose Denominator Choose Numerator "1" Profit Margin Profit Margin 11 II Asset Turnover Choose Denominator Choose Numerator : Asset Turnover Asset Turnover 0 times = ! Required information (The following information applies to the questions displayed below.) East Mill Pizzeria is closing its business. It sold its two-year-old pizza ovens to Marco's Italian Restaurant for $540,000. Originally, East Mill acquired the pizza ovens at a cost of $734,000. The ovens had an estimated useful life of 10 years, an estimated residual value of $44,000, and were depreciated using straight-line depreciation. Complete the requirements below for East Mill Pizzeria. 4. Record the sale of the ovens at the end of the second year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the sale of ovens. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal