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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.
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