Question
Required information Skip to question [The following information applies to the questions displayed below.] Sub Station and Planet Sub reported the following selected financial data
Required information Skip to question [The following information applies to the questions displayed below.] Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Stations business strategy is to sell the best tasting sandwich with the highest quality ingredients. Planet Subs business strategy is to sell the lowest cost sub on the planet. Sub Station Planet Sub Net sales $ 109,149 $ 62,971 Net income 26,822 4,392 Total assets, beginning 76,083 40,199 Total assets, ending 118,171 46,333 Required: 1. Calculate Sub Stations 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).)
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