Calculate planet subs return on assets

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Reference no: EM133497129

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 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 27,922 5,492

total assets, beginning 77,183 42,399

total assets, ending 120,371 48,533

Calculate planet subs return on assets, profit margin, and turnover ratio. (enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).)

Reference no: EM133497129

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