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 $108,349 Planet Sub $62,171 26,022 3,592 75,283 116,571 38,699 44,733 Required: 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).) Choose Numerator Return on Assets Choose Denominator Return on Assets Return on assets Profit Margin Choose Numerator Choose Denominator Profit Margin Profit Margin Choose Numerator Return on Assets Choose Denominator Profit Margin Choose Numerator + Choose Denominator Asset Turnover Choose Numerator Return on Assets = Return on assets Profit Margin Profit Margin Choose Denominator Asset Turnover Asset Turnover 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 Numerator + Choose Denominator Return on Assets Return on assets Profit Margin Choose Numerator + Choose Denominator Profit Margin Profit Margin Asset Turnover Choose Numerator + Choose Denominator Asset Turnover Asset Turnover times 3-a. Which company has the higher profit margin? O Sub Station's O Planet Sub 3-b. Which company has the higher asset turnover? O Sub Station's O Planet Sub 3-c. Are the two ratios consistent with the primary business strategies of the two companies? Yes No