Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sub station and planet sub reported the following

Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub...

70.2K

Verified Solution

Question

Accounting

image
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 $108,749 $62,571 Net income 26, 422 3,992 Total assets, beginning 75,683 39,399 Total asseto, ending 117,371 45,533 Required: 1. Calculate Sub Station's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (1.e. 123,000 should be entered as 123).) Return on Assets Choose Numerator Choose Denominator Return on Assets Not incomo Average total assets Return on assets 25,922 95,777 27.06% Profit Margin Choose Numerator Choose Denominator Profit Margin Not Income Sales Profit Margin 25,922 108,240 23.95% Asset Turnover Choose Numerator Choose Denominator Asset Turnover Sales Average total assets Asset Turnover $ 108,249 95,777 1.1 times "Red testicates no response was expected in a call or a formulated calculation is incorrect points deducted

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Operations Management
1.2K views

The Pat-A-Cake Pastry Shop makes chocolate cake in three sizes – Small, Medium, and Large. For...

Basic Math
1.2K views

Mathematical, what is the difference between Weighted and Regular Mean? Technical, they are both averages. How does each...

Advance Math
1.2K views

Please provide step by step solution and i will give a positive rating. Many thanks 1)Suppose we...

Basic Math
1.2K views

The figure shows a medicine wheel which is a Native American structure This circular structure...

Basic Math
1.2K views

Find dy/dx by implicit differentiation.x4 + 5 = 15With implicit differentiation, we differentiate all the...

Basic Math
1.2K views

During a professional football game, every spectator placed his or her ticket stub into one...

Accounting
1.2K views

Assume that a company makes 30,000 units of Part A each year. At...

Accounting
1.2K views

Parkovash, Incorporated, obtained 100 percent of Salerno Company's common stock on January 1,2023, by issuing...

Accounting
1.2K views

Assignment Content Listen Think about the YNF case study, and come up with two questions...

Accounting
1.2K views

show work MULTIPLE CHOICE. Choose the one alternative that best completes...

Finance
1.2K views

Please show any Financial calculator inputs. QUESTION 18 Given the following information, what is...

Finance
1.2K views

can someone do this in similar way that my teacher did with an other problem...