Question
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.
Sub StationPlanet SubNet sales$109,449$63,271Net income27,1224,692Total assets, beginning76,38340,799Total assets, ending118,77146,933
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).)
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