Question: Sub Station and Planet Sub reported the following selected financial data ( $ in thousands ) . Sub Station s business strategy is to sell

 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 $ 110,249 $ 64,071
Net income 27,9225,492
Total assets, beginning 77,18342,399
Total assets, ending 120,37148,533
Required:

1. Calculate Sub Stations 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).)

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