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Calculate Sub Station return on assets

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Reference no: EM132799243

Question - 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 $109,249 $63,071

Net income 26,922 4,492

Total assets, beginning 76,183 40,399

Total assets, ending 118,371 46,533

Required - Calculate Sub Station's return on assets, profit margin, and asset turnover ratio.

Reference no: EM132799243

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