Solution-Calculate Sub Stations return on assets

Calculate Sub Stations return on assets

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Reference no: EM132517128

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 $109,449 $63,271

Net income 27,122 4,692

Total assets, beginning 76,383 40,799

Total assets, ending 118,771 46,933

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

Reference no: EM132517128

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Calculate Sub Stations return on assets : Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Calculate Sub Station's return on assets

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Calculate Sub Stations return on assets

Reference no: EM132517128

Reference no: EM132517128

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