Chocolate Treats Ltd. and Coffee Bars Inc. are both sp
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Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty food chains. The two companies reported these figures, i
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Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty food chains. The two companies reported these figures, in thousands: Requirements 1. Compute the gross profit percentage and the rate of inventory turnover for Chocolate Treats and for Coffee Bars for 2017. 2. Based on these statistics, which company looks more profitable? Why? What other expense category should we consider in evaluating these two companies?
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