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Exercise 3 (5 points) In fiscal year 2011, Starbucks Corporation (SBUX) had revenue of $10.40 billion, gross profit of $6.75 billion, and net income of

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Exercise 3 (5 points) In fiscal year 2011, Starbucks Corporation (SBUX) had revenue of $10.40 billion, gross profit of $6.75 billion, and net income of $1.25 billion. Peet's Coffee and Tea (PEET) had revenue of $372 million, gross profit of $72.7 million, and net income of $18.8 million. 4 Compare the gross margins for Starbucks and Peet's. * (2 Points) Enter your answer 5 Compare the net profit margins for Starbucks and Peet's. * (2 Points)

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