Frosted Donut Lid. and Coffee Bars inc. are both speciatty food chains. The two companies reported these figures, in thousands: F7. (Click the icon to view Frosted Donut's financial statements.) in to view Coffee Bars's financial statentents.) Requirements 1. Compule gross proff percentage and the rate of inventory furnover for Frosted Donut and Coffee Bars for 2020 . 2. Based on these statistics, which company looks more prolitable? Why? What other expense category should wo consider in evaluating these fwo companies? Requirement 1. Compute gross peolt percentage and the rale of inventory turnover for Froted Donut and Coffee Bars for 2020. (Round gross profit percentage one decimal place, X.X%, and the inventory turnover rate to one decimal place, X.X.) Frosted Donut Ltd. Statement of Operations \begin{tabular}{|l||c||c||} \hline (Thousands) \\ \hline Revenues: Net sales & 2020 & 2019 \\ \hline Costs and Expenses: Cost of goods sold General and administrative expenses & & \\ \hline \end{tabular} Frosted Donut Ltd. Cost of goods sold General and administrative expenses Frosted Donut Ltd. Balance Sheet January 31 (Thousands) 2020 Assets Current assets: Cash and cash equivalents Receivables Inventories \begin{tabular}{|c||c} $15 & $ \\ 26 \\ 38 \\ 19 & 31 \\ \hline \end{tabular} Coffee Bars Inc. Statement of Earnings Selling, general, and administrative expenses Coffee Bars Inc. Balance Sheet (Thousands) Assets Current assets: Cash and cash equivalents Receivables, net Inventories \begin{tabular}{||c||c||c||} \hline 2020 & 2019 \\ & & \\ $ & 320 & $ \\ 225 & 171 \\ 660 & 186 \\ \hline \end{tabular} Done