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Required information [The following information applies to the questions displayed below) The following selected financial data (5 in thousands) was reported by Salsa's Restaurant and

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Required information [The following information applies to the questions displayed below) The following selected financial data (5 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 $109,549 27,222 76,483 118,971 LOS Aztecas 563,373 4,792 10.999 Required: 1. Calculate Salsa's return on assets, profit margin, and asset turnover ratio (Enter your answers in thousands of dollars. (lie, 123,000 should be entered as 123).) Required: 1. Calculate Salsa's return on assets, profit margin, and asset turnover ratio (Enter your answers in thousands of dollars. (le, 123.000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator Return on Aus Return on ass Profit Margin Choose Denominator Choose Numerator Profit Margin Profit Margin Asset Turnover Choose Denominator Choose Numerator Asset Turnover Asset Turnover times 2. Calculate Los Aztecos return on assets, profit margin, and asset turnover ratio (Enter your answers in thousands of dollars... 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator Return on Assets Rotary on assets 0 Profit Margin Choose Denominator Choose Numerator Profit Margin Profit Mergin 0 Asset Turnover Choose Denominator Choose Numator Asset Turnover Asset Tumor Ofimos 3-a. Which company has the higher profit margin? Salsa's Restaurant O Los Aztecos 3-b. Which company has the higher asset turnover? O Salsa's Restaurant O Los Aztecos 3-c. Are the two ratios consistent with the primary business strategies of the two companies? Yes O No

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