Cinnamon Roll, Inc., and Moon Beam Coffee Corporation are both specialty food chains. The two companies reported these figures, in millions: (Click the icon to view Cinnamon Roll's financial statements.) B (Click the icon to view Moon Beam Coffee's financial statements.) Read the requirements. Requirement 1. Compute gross margin percentage and the rate of inventory turnover for Cinnamon Roll and Moon Beam Coffee for 2018. (Round gross profit percentage to the nearest tenth percent, X.X%, and the inventory turnover rate to one decimal place, X.X.) Gross Profit Inventory Company Percentage Turnover Rate Cinnamon Roll 20 % times Moon Beam Coffee 7.5 % times Cinnamon Roll, Inc. Income Statements (Adapted) Years Ended December 31 (Amounts in millions) Revenues: Net sales 2018 2017 450 $ 703 Costs and Expenses: Cost of goods sold Selling, general, and administrative expenses 360 596 62 55 Cinnamon Roll, Inc. Balance Sheets (Adapted) December 31 (Amounts in millions) 2018 2017 Assets Current assets: Cash and cash equivalents Receivables $ 15 $ 28 26 30 Inventories 10 30 Moon Beam Coffee Corporation Income Statements (Adapted) Years Ended December 31 (Amounts in millions) 2018 2017 8,000 $ 6,330 Net sales Cost of goods sold Selling, general, and administrative expenses 7,400 2,620 2,930 2,350 Moon Beam Coffee Corporation Balance Sheets (Adapted) December 31 (Amounts in millions) 2018 2017 Assets Current assets: $ 320 $ 180 Cash and temporary investments Receivables, net 222 192 Inventories 780 220 Requirements 1. Compute gross margin percentage and the rate of inventory turnover for Cinnamon Roll and Moon Beam Coffee for 2018. 2. Based on these statistics, which company looks more profitable? Why