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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 $110,049 27,722 76,983 119,971 Los Aztecos $63,871 5,292 41,999 48,133 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 = = Profit Margin Choose Denominator Choose Numerator . Profit Margin Profit Margin + . Asset Turnover Choose Numerator . Choose Denominator Asset Turnover Asset Turnover times
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