Question: 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 | ||||||
2. Calculate Los Aztecos 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).)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
