The following selected financial data ($ in thousands) was reported by Salsa's Restaurant and Los Aztecos....

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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 best tasting burritos in their region. Salsa's focuses on high quality ingredients and Los Aztecos focuses on low cost. Salsa's $109,749 27,422 76,683 119,371 Los Aztecos $63,571 Net sales Net income Total assets, beginning Total assets, ending 4,992 41,399 47,533 Required: 1. Calculate Salsa's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (I.e. 123,000 should be entered as 123).) Return on Assets Choose Numerator Choose Denominator Return on Assets Retum on assets Profit Margin Choose Numerator Choose Denominator Profit Margin Profit Margin Asset Turnover Choose Numerator Choose Denominator Asset Turnover Asset Turnover O times The following selected financial data ($ 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 $109,749 27,422 76,683 119,371 Los Aztecos $63,571 Net sales Net income Total assets, beginning Total assets, ending 4,992 41,399 47,533 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 Numerator Choose Denominator Return on Assets Retum on assets Profit Margin Choose Numerator Choose Denominator Profit Margin Profit Margin Asset Turnover Choose Numerator Choose Denominator Asset Turnover Asset Turnover O times

Answer rating: 100% (QA)

The information of Salsas restaurant is given as follows Net Sales 109749 Net Income 27422 Total ass... View the full answer