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).)

Aconcession manager at yankee stadium wants to know how temperature affects beer sales. she took a sample of 10 games and recorded the number of beers sold and the temperature in the middle of the game. temperature 80 68 78 79 87 74 86 92 77 84 number of beers 20533 1439 13829 21286 30985 17187 30240 87596 9610 28742 a. draw a scatter plot of the data. b. the manager estimates the regression equation to be: numberofbeers = −100, 678 + 1, 513 ∗ temperature draw this on your scatter plot. c. for one of the estimated points, indicate the residual with ei . d. for that same point, indicate what part of the variation is explained by the model with ˆyi − y¯.