Required information [The following information applies to the questions displayed below] Sub Station and Planet Sub reported the following selected financial data (S in thousands). Sub Station's business strategy is to set the best tasting sandwich with the highest quality Ingredients. Planet Sub's business strategy is to sell the lowest cost sub on the planet Net sales Net Income Total assets, beginning Total assets, ending Choose Numerator Sub Station Planet Sub $63,171 4,52 42,599 45,713 2. Calculate Planet Sub's return on assets, profet margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (Le. 123,000 should be entered as 123)) Chooss Numerator $109,345 13,922 76,283 118,571 Return on Assets Choose Denominator Polk Margin Choose Denominator Choose Denominator Return on Assets Return on assets Profil Margin ProMargin Asset Turnover Assel Turnover 47

Required information [The following information applies to the questions displayed below] Sub Station and Planet Sub reported the following selected financial data (S in thousands). Sub Station's business strategy is to set the best tasting sandwich with the highest quality Ingredients. Planet Sub's business strategy is to sell the lowest cost sub on the planet Net sales Net Income Total assets, beginning Total assets, ending Choose Numerator Sub Station Planet Sub $63,171 4,52 42,599 45,713 2. Calculate Planet Sub's return on assets, profet margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (Le. 123,000 should be entered as 123)) Chooss Numerator $109,345 13,922 76,283 118,571 Return on Assets Choose Denominator Polk Margin Choose Denominator Choose Denominator Return on Assets Return on assets Profil Margin ProMargin Asset Turnover Assel Turnover 47

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 84PSB

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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 highestquality ingredients. Planet Sub’s business strategy is to sell the lowest-cost sub on the planet. Sub Station Planet SubNet sales $ 108,249 $ 62,071Net income 25,922 3,492Total assets, beginning 75,183 38,599Total assets, ending 116,371 44,533Required:1. Calculate Sub Station’s return on assets, profit margin, and asset turnover ratio.2. Calculate Planet Sub’s return on assets, profit margin, and asset turnover ratio.3. Which company has the higher profit margin and which company has the higher asset turnover? Is this consistent with the primary business strategies of these two companies?
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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 109,649 63,471 Net income 27,322 4,892 Total assets, beginning 76,583 41,199 Total assets, ending 119,171 47,333 Required: 1. Calculate Sub Station’s return on assets, profit margin, and asset turnover ratio. 2. Calculate Planet Sub's return on assets, profit margin, and asset turnover ratio. 3-a. Which company has the higher profit margin? Sub Station’s Planet Sub 3-b. Which company has the higher asset turnover? Sub Station’s Planet Sub 3-c. Are the two ratios consistent with the primary business strategies of the two companies? Yes No
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 $ 110,149 $ 63,971 Net income 27,822 5,392 Total assets, beginning 77,083 42,199 Total assets, ending 120,171 48,333 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).)
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 $ 109,349 $ 63,171 Net income 27,022 4,592 Total assets, beginning 76,283 40,599 Total assets, ending 118,571 46,733 3-a. Which company has the higher profit margin? multiple choice 1 Sub Station’s Planet Sub 3-b. Which company has the higher asset turnover? multiple choice 2 Sub Station’s Planet Sub 3-c. Are the two ratios consistent with the primary business strategies of the two companies? multiple choice 3 Yes No
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 $ 109,349 $ 63,171 Net income 27,022 4,592 Total assets, beginning 76,283 40,599 Total assets, ending 118,571 46,733 2. Calculate Planet Sub'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).) Return on Assets Choose Numerator ÷ Choose Denominator = Return on Assets ÷ = Return on assets ÷ = Profit Margin Choose Numerator ÷ Choose Denominator = Profit Margin ÷ = Profit Margin ÷ = Asset Turnover Choose Numerator ÷ Choose Denominator = Asset Turnover ÷ =…
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 $ 109,349 $ 63,171 Net income 27,022 4,592 Total assets, beginning 76,283 40,599 Total assets, ending 118,571 46,733 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).) Return on Assets Choose Numerator ÷ Choose Denominator = Return on Assets ÷ = Return on assets ÷ = Profit Margin Choose Numerator ÷ Choose Denominator = Profit Margin ÷ = Profit Margin ÷ = Asset Turnover Choose Numerator ÷ Choose Denominator = Asset Turnover…
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Use CVP and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi-product restaurant from the information below. Food Beverage Total Sales $240,000 $160,000 $400,000 100% VC 144,000 48,000 192,000 48% CM 96,000 112,000 208,000 52% FC 150,000 IBIT 58,000
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Computing breakeven sales and sales needed to earn a target profit graphing CVP relationships, performing sensitivity analysis Diversified Investor Group is opening an office in Boise, Idaho, Fixed monthly costs are office rent ($8,000) depreciation on office furniture ($1,700) utilities ($2,400) special telephone lines ($1,500), a connection with an online brokerage service ($2,500), and the salary of a financial planner ($11,900) Variable costs include payments to the financial planner (9% of revenue, advertising (11% of revenue), supplies and postage (4% of revenue), and usage fees for the telephone lines and computerized brokerage service (6% of revenue). Requirements Use the contribution margin ratio approach to compute Diversified’s breakeven revenue in dollars lf the average trade leads to $800 in revenue for Diversified, how many trades must be made to break even? Use the equation approach to compute the dollar revenues needed to earn 2 monthly target profit of $11,200. Graph…
Papa’s Pizza is the market leader and Pizza Prince is an up-and-coming player in the highly competitive delivery pizza business. The companies reported the following selected financial data ($ in thousands): Papa’s Pizza Pizza PrinceNet sales $ 24,128 $ 1,835Net income 2,223 129Total assets, beginning 14,998 919Total assets, ending 15,465 1,157Required:1. Calculate the return on assets, profit margin, and asset turnover ratio for Papa’s Pizza.2. Calculate the return on assets, profit margin, and asset turnover ratio for Pizza Prince.3. Which company has the higher profit margin and which company has the higher asset turnover?