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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 Sub Station Planet Sub Net sales $110, 149 $63,971 Net income 27,822 5,392 Total assets, beginning 77,063 42,199 Total assets, ending 120, 171 48,333 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).) Choose Numerator Net income Return on Assets Choose Denominator Average total assets Return on Assets Return on assets Choose Numerator Net income Profit Margin Choose Denominator Sales Profit Margin Profit Margin Choose Numerator Sales Asset Turnover Choose Denominator Average total assets Asset Turnover Asset Turnover times
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