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