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 $ 108,749 $ 62,571
Net income 26,422 3,992
Total assets, beginning 75,683 39,399
Total assets, ending 117,371 45,533
Required:

1. Calculate Sub Station’s return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i. e. 123,000 should be entered as 123).)