(SOLVED) Pastry People and Coffee Grind are both specialty food chains


Question Description:

$19

Pastry People and Coffee Grind are both specialty food chains. The two companies reported these figures, in millions:_x0001_Requirements1. Compute the gross profit percentage and the rate of inventory turnover for Pastry People and Coffee Grind for 2010.2. Based on these statistics, which company looks more profitable? Why? What other expense category should we consider in evaluating these twocompanies?

Answer

$19