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SV Sub Station and Planet Sub reported the following selected financial data (S in thousands). Sub Station's business strategy is to sell the best tasting

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SV Sub Station and Planet Sub reported the following selected financial data (S 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 $109,249 26,922 76,183 118,321 Planet Sub $63,071 4,492 40,399 46,533 3-6. 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 3-c. Are the two ratios consistent with the primary business strategies of the two companies? NO

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