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Problem 7-9A Calculate and interpret ratios (LO7-7) The following information applies to the questions displayed below. Sub Station and Planet Sub reported the following selected

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Problem 7-9A Calculate and interpret ratios (LO7-7) The following information applies to the questions displayed below. Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Station's business strategy is to sel the best tasting sandwich with the highest quality ingredients. Planet Sub's business strategy is to sell the lowest cost sub on the planet. Sub Station Planet Sub Net sales Net income Total assets, beginning Total assets, ending S 109,949 27,622 76,883 119,771 $ 63,771 5,192 41.799 47,933 References Section Break Problem 7-9A Calculate and interpret ratios (LO7-7

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