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Required information [The following information applies to the questions displayed below.] Sub Station and Planet Sub reported the following selected financial data ($ in
Required information [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 sell 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 $109,549 $63,371 Net income 27,222 4,792 Total assets, beginning 76,483 40,999 Total assets, ending 118,971 47,133 Required: 1. Calculate Sub Station's 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).) Return on Assets Choose Numerator Choose Denominator Net income + Average total assets Profit Margin Choose Numerator Choose Denominator Net income + Sales Choose Numerator Sales + = Return on Assets Return on assets 0 Profit Margin Profit Margin 0 Asset Turnover Choose Denominator Asset Turnover Average total assets = Asset Turnover = 0 times
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