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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
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 $109,749 27,422 76,683 119,371 Los Aztecos $63,571 4,992 41,399 47,533 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 Numerator Choose Denominator Return on Assets Return on assets Profit Margin Choose Numeraton Choose Denominator Profit Margin Profit Margin Choose Numerator Asset Tumover Choose Denominator Asset Turnover Asset Turnover times
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