Sprinkle Top Ltd$.$ and Coffee Shop Inc. are both specialty food chains. The two companies reported these figures, in thousands:

$($Click the icon to view Sprinkle Top's financial statements.$)$

$($Click the icon to view Coffee Shop's financial statements.$)$

Requirements

Compute gross profit percentage and the rate of inventory turnover for Sprinkle Top and Coffee Shop for $2020.$

Based on these statistics, which company looks more profitable? Why? What other expense category should we consider in evaluating these two companies?

Requirement $1.$ Compute gross profit percentage and the rate of inventory turnover for Sprinkle Top and Coffee Shop for $2020.($Round gross profit percentage to one decimal place, X$.$X$\%,$ and the inventory turnover rate to one decimal place, X$.$X$.)$

$\backslash$table$[[$Company$,\backslash$table$[[$Gross profit$],[$percentage$]],,$Inventory turnover rate$],[$Sprinkle Top,,$\%,$times$],[$Coffee Shop,,$\%,$times$]]$