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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.
Salsa's | Los Aztecos | |||||||
Net sales | $ | 109,649 | $ | 63,471 | ||||
Net income | 27,322 | 4,892 | ||||||
Total assets, beginning | 76,583 | 41,199 | ||||||
Total assets, ending | 119,171 | 47,333 | ||||||
Required:
1. Calculate Salsas return on assets, profit margin, and asset turnover ratio.
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