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 $109,549 27,222 76,483 118,971 Los Aztecos $63,371 4,792 40,999 47,133 Required: 1. Calculate Salsa's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator : Return on Assets Return on assets = 0 Profit Margin Choose Denominator Choose Numerator . = = Profit Margin Profit Margin . 11 Asset Turnover Choose Numerator Choose Denominator 11 Asset Turnover Asset Turnover 0 times = Required information [The following information applies to the questions displayed below.] The following selected financial data ($ 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 $109,549 27,222 76,483 118,971 Los Aztecos $63,371 4,792 40,999 47,133 2. Calculate Los Aztecos return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (ie. 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator Return on Assets Return on assets Profit Margin Choose Denominator Choose Numerator : Profit Margin Profit Margin 11 Asset Turnover Choose Denominator Choose Numerator : Asset Turnover Asset Turnover 11 : = = 0 times Required information (The following information applies to the questions displayed below.] The following selected financial data ($ 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 $109,549 27,222 76,483 118,971 Los Aztecos $63,371 4,792 40,999 47,133 3-a. Which company has the higher profit margin? Salsa's Restaurant Los Aztecos 3-b. Which company has the higher asset turnover? Salsa's Restaurant Los Aztecos 3-c. Are the two ratios consistent with the primary business strategies of the two companies? Yes O No