Magic Muffins, Inc., and Top Roast Coffee Corporation are both

Magic Muffins, Inc., and Top Roast Coffee Corporation are both specialty food chains. The two companies reported these figures, in millions:


Magic Muffins, Inc., and Top Roast Coffee Corporation are both


Requirements
1. Compute the gross profit percentage and the rate of inventory turnover for Magic Muffins and Top Roast Coffee for 2014.
2. Based on these statistics, which company looks more profitable? Why? What other expense category should we consider in evaluating these twocompanies?

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