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

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Accounting

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 $ 109,949 $ 63,771
Net income 27,6225,192
Total assets, beginning 76,88341,799
Total assets, ending 119,77147,933

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