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Item17 Check my workCheck My Work button is now enabled1 Item 17 Papas Pizza is...

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Accounting

Item17

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Item 17

Papas Pizza is the market leader and Pizza Prince is an up-and-coming player in the highly competitive delivery pizza business. The companies reported the following selected financial data ($ in thousands):

Papas Pizza Pizza Prince
Net sales $25,628 $3,335
Net income 3,723 279
Total assets, beginning 16,498 1,069
Total assets, ending 16,965 2,657

Required:

1. Calculate the return on assets, profit margin, and asset turnover ratio for Papas Pizza. 2. Calculate the return on assets, profit margin, and asset turnover ratio for Pizza Prince. 3-a. Which company has the more favorable profit margin? 3-b. Which company has the more favorable asset turnover?

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