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Sub Station and Planet Sub reported the following selected financial data. Sub Stations business strategy is to sell the best-tasting sandwich with the highest-quality ingredients.
Sub Station and Planet Sub reported the following selected financial data. 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 $109,449 $63,271 Net income 27,122 4,692 Total assets, beginning 76,383 40,799 Total assets, ending 118,771 46,933 Required: 1. Calculate Sub Stations return on assets, profit margin, and asset turnover ratio. 2.
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