Required information (The following information applies to the questions displayed below.] Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Station's business strategy is to sell the best tasting sandwich with the highest quality ingredients. Planet Sub's business strategy is to sell the lowest cost sub on the planet. Net sales Net income Total assets, beginning Total assets, ending Sub Station $109,849 27,522 76,783 119,571 Planet Sub $63,671 5,092 41,599 47,733 1. Calculate Sub Station's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator Return on Assets Return on assets + + Profit Margin Choose Denominator Choose Numerator + Profit Margin Profit Margin 0 Asset Turnover Choose Denominator Choose Numerator = + Asset Turnover Asset Turnover 0 times + 2. Calculate Planet Sub's return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).) Return on Assets Choose Denominator Choose Numerator + = Return on Assets Return on assets Profit Margin Choose Denominator Choose Numerator = Profit Margin Profit Margin Asset Turnover Choose Denominator Choose Numerator = Asset Turnover Asset Turnover 0 times 3-a. Which company has the higher profit margin? Sub Station's Planet Sub 3-b. Which company has the higher asset turnover? Sub Station's Planet Sub