Analyze Papa John's International, Inc Papa John's International, Inc. (PZZA), operates over 5,000 restaurants in the United States and 45 countries. The company operates primarily as a franchisor with 4,353 franchised restaurants and 744 company-operated restaurants. Recent data (in millions) for the company-operated and North America franchised restaurants are as follows: Sales Operating income Invested assets Restaurants Company Operated North America $816 75 225 Franchised $103 92 10 a. Determine the profit margin for each segment. Round to one decimal place. Profit margin % Company-Operated North America Franchised b. Determine the investment turnover for each segment. Round to two decimal places. Investment Turnover Company-Operated North America Franchised c. Use the DuPont formula to determine the return on investment for each segment. Round to one decimal place. Return on Investment Company-Operated North America Franchised Profit margin % % b. Determine the investment turnover for each segment. Round to two decimal places. Investment. Turnover Company-Operated North America Franchised c. Use the DuPont formula to determine the return on investment for each segment. Round to one decimal place. Company-Operated Return on Investment % North America Franchised % d. Analyze and interpret the results of (a), (b), and (c). 1. The company-operated restaurants have the highest profit margin, investment turnover, and return on investment because Papa John's International incurs no cost of goods sold or operating expense in generating this revenue. 2. The North America franchised restaurants have the highest profit margin, investment turnover, and return on investment because Papa John's International incurs no cost of goods sold or operating expense in generating this revenue. 3. Both the company-operated and the North America franchised restaurants have relatively the same profit margin, investment turnover, and return on investment because their operating expenses are very similar, 4. The company-operating restaurants have low profit margins and return on investment but have the highest investment turnover since these restaurants incur most of the cost of the investment in property and equipment