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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
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 $108,349 26,022 75, 283 116,571 Los Aztecos $62,171 3,592 38,699 44,733 . Calculate Los Aztecos return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 23,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator = Return on Assets Return on assets = Average total assets Net income Net loss Profit Margin Choose Denominator Profit Margin Profit Margin = Profit margin Sales Asset Turnover Choose Denominator = Total assets Asset Turnover Asset Turnover = times
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