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Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Stations business strategy is to sell the best tasting sandwich
Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Stations business strategy is to sell the best tasting sandwich with the highest quality ingredients. Planet Subs business strategy is to sell the lowest cost sub on the planet.
Sub Station | Planet Sub | |||||||
Net sales | $ | 109,649 | $ | 63,471 | ||||
Net income | 27,322 | 4,892 | ||||||
Total assets, beginning | 76,583 | 41,199 | ||||||
Total assets, ending | 119,171 | 47,333 | ||||||
2. Calculate Planet Sub's return on assets, profit margin, and asset turnover ratio
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