Required information [The following information applies to the questions displayed below.] Papa's Pizza is the market leader and Pizza Prince is an up-and-coming player in the highly competitive delivery pizza business. The companies reported the following selected financial data ($ in thousands): Net sales Net income Total assets, beginning Total assets, ending Papa's Pizza $24,728 2,823 15,598 16,065 Pizza Prince $2,435 189 979 1,757 Required: 1. Calculate the return on assets, profit margin, and asset turnover ratio for Papa's Pizza. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Numerator Choose Denominator II = Return on Assets = Return on assets II 0 Profit Margin Choose Denominator Choose Numerator II Profit Margin Profit Margin = = II 0 Asset Turnover Choose Numerator - Choose Denominator = Asset Turnover = Asset Turnover : II 0 times 2. Calculate the return on assets, profit margin, and asset turnover ratio for Pizza Prince. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Numerator - Choose Denominator = Return on Assets 11 = Return on assets = Profit Margin Choose Denominator Choose Numerator = Profit Margin Profit Margin II 0 Asset Turnover Choose Numerator -I Choose Denominator II = Asset Turnover = Asset Turnover . 11 = 0 times 3-a. Which company has the higher profit margin? Papa's Pizza Pizza Prince 3-b. Which company has the higher asset turnover? Papa's Pizza Pizza Prince