Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty food chains. The two companies reported these

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Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty food chains. The two companies reported these figures, in thousands:
Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty

Requirements
1. Compute the gross profit percentage and the rate of inventory turnover for Chocolate Treats and for Coffee Bars for 2014.
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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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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