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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
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 $108,649 26,322 75,583 117,171 Planet Sub $62,471 3,892 39,199 45,333 2. Calculate Planet Sub's return on assets, profit margin, and asset turnover ratlo. (Enter your answers in thousands of dollars. (ie. 123,000 should be entered as 123).) Choose Numerator Return on Assets Choone Denominator Return on Assets Return on assets Profit Margin Choose Denominator Choose Numerator Profit margin Profit Maroon Asset Turnover Choose Denominator Choose Numerator Asset Turnover Asset Turnover timos
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