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Required Information [The following information applies to the questions displayed below.) 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 $109,149 $62,971 Net income 26,822 4,392 Total assets, beginning 76,083 40,199 Total anseta, ending 119,171 46,333 es Required: 1. Calculate Sub Station's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (l.e. 123,000 should be entered as 123).) Return on Assets Choose Numerator Not Income 26,822 Choose Denominator Average total assets Return on Assets Return on assets Choose Numerator Profit Margin Choose Denominator Profit Margin Proft Margin 0 Asset Turnover Phone Num Net sales Net income Total assets, beginning Total assets, ending Sub Station $109, 149 26,822 76,083 118,171 Planet Sub $62,971 4,392 40,199 46,333 Required: 1. Calculate Sub Station's return on assets, profit margin, and asset turnover ratio. (Enter your 123,000 should be entered as 123).) Return on Assets Choose Denominator Average total assets Choose Numerator Net Income $ 26,822 + 1 Return on Assets Return on assets ! 11 0 Choose Numerator Profit Margin Choose Denominator Profit Margin Profit Margin = 0 Choose Numerator Asset Turnover Choose Denominator = 11 Assot Turnover Asset Turnover 0 times

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