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: Sara Lee Panera Bread Sales$$10,793$million $$1,353\mathrm{.}5$million Net Income$$527$million $$86\mathrm{.}8$million Return on Assets $($ROA$)8\mathrm{.}32\%11\mathrm{.}55\%$ Profit margin $7\mathrm{.}05\%6\mathrm{.}45\%$ Asset turnover $1\mathrm{.}18\%1\mathrm{.}79$ Required:Why is Sara Lee less profitable than Panera Bread?Return on assets and return on sales in the bakery industry are $4\mathrm{.}85\%$ and $8\mathrm{.}16\%,$ respectively. How do these two companies compare to their industry and what might explain any noted differences?EssaySkip to input fieldGroup Ends