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

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The following selected financial data (S 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. Los Aztecos $63,871 5,292 41,999 48,133 Salsa's Net sales Net income Total assets, beginning Total assets, ending $110,049 722,ו2 76,983 119,971 3-a. Which company has the higher profit margin? Salsa's Restaurant O Los Aztecos 3-b. Which company has the higher asset turnover? Salsa's Restaurant O Los Aztecos 3-c. Are the two ratios consistent with the primary business strategies of the two companies? O Yes O No The following selected financial data (S 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. Los Aztecos $63,871 5,292 41,999 48,133 Salsa's Net sales Net income Total assets, beginning Total assets, ending $110,049 722,ו2 76,983 119,971 3-a. Which company has the higher profit margin? Salsa's Restaurant O Los Aztecos 3-b. Which company has the higher asset turnover? Salsa's Restaurant O Los Aztecos 3-c. Are the two ratios consistent with the primary business strategies of the two companies? O Yes O No

Answer rating: 100% (QA)

3a Salsas Restaurant 3b Los Azteco... View the full answer