3 Panera Bread Company is a national bakery-cafe concept with 1,380 Company-owned and franchise-operated bakery.cafe locations in 40 states and in Ontario, Canada. The company has grown from serving approximately 60 customers a day at its first bakery cafe to currently serving nearly six million customers a week system wide, becoming one of the largest food service companies in the United States. Sara Lee Corporation is a global manufacturer and marketer of high-quality, brand name products for consumers throughout the world focused primarily on the meats, bakery and beverage categories Selected financial Information about each company follows Sales Net Income Return on Assets (ROA) Profit margin Asset turnover Sara Lee $19,793 million $ 527 million 8.32% 7.05% 1.18% Panera Bread $1,353.5 million $ 86.8 million 11.55% 6.45% Required: 6. Why is Sara Lee less profitable than Panvera Bread? b. Return on assets and return on sales in the bakery Industry are 4.85% and 16% respectively. How do these two companies compare to their industry and what might explain any noted differences