Required information Skip to question [The following information applies to the questions displayed below.) I University Hero is considering expanding operations beyond its healthy sandwiches. Jim Axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. Each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. Jim believes smoothie sales should help fill the slow mid-afternoon period. Adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. Jim provides the following projections of net sales, net income, and average total assets in support of his proposal. Net sales Net income Average total assets Sandwiches Only $710,000 160,000 310,000 Sandwiches and Smoothies $1,310,000 250,000 710,000 Required: 1. Calculate University Hero's return on assets, profit margin, and asset turnover for sandwiches only. 2. Calculate University Hero's return on assets, profit margin, and asset turnover for sandwiches and smoothies. Return on Assets Il Choose Numerator + Choose Denominator Return on Assets H1 Return on assets + 0 Profit Margin Choose Denominator Choose Numerator = Profit Margin Profit Margin II 0 Asset Turnover Choose Denominator Choose Numerator Asset Turnover Asset Turnover O times