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13 Sub Station and Planet Sub reported the following selected financial data. Sub Station's business strategy is to sell the best-tasting sandwich with the

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13 Sub Station and Planet Sub reported the following selected financial data. 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 Planet Sub nts Net sales Net income Skipped Total assets, beginning Total assets, ending Required: Sub Station $108,449 $62,271 26,122 3,692 75,383 38,799 116,771 44,933 eBook Print 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 3-8. Which company has the more favorable profit margin? 3-b. Which company has the more favorable asset turnover? 3-c. Are the two ratios consistent with the primary business strategies of the two companies? Reference

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