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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 Net sales $110,149 Planet Sub $63,971 Net income 27,822 5,392 Total assets, beginning 77,083 42,199 Total assets, ending 120,171 48,333 2. Calculate Planet Sub's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i 123,000 should be entered as 123).) Return on Assets Choose Numerator + Choose Denominator Return on Assets Return on assets Profit Margin Choose Numerator + Choose Denominator Profit Margin + Profit Margin Asset Turnover Choose Numerator + Choose Denominator Asset Turnover + Asset Turnover times
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