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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

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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 Net sales Net income Total assets, beginning Total assets, ending Sub Station $109,749 27,422 76,683 119,371 Planet Sub $63,571 4,992 41,399 47,533 Required: 1. Calculate Sub Station's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator Return on Assets Return on assets = 0 Profit Margin Choose Denominator Choose Numerator Profit Margin Profit Margin + Asset Turnover Choose Denominator Choose Numerator = Asset Turnover Asset Turnover O times Sub Station and Planet Sub reported the following selected financial data ($ 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. Net sales Net income Total assets, beginning Total assets, ending Sub Station $109,749 27,422 76,683 119,371 Planet Sub $63,571 4,992 41,399 47,533 2. Calculate Planet Sub'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).) Choose Numerator Return on Assets Choose Denominator Return on Assets Return on assets Choose Numerator Profit Margin Choose Denominator Profit Margin Profit Margin Choose Numerator Asset Turnover Choose Denominator Asset Turnover Asset Turnover times

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