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Lo 4 P6-65A. (Leurning Objectine 4: Using grass profit percentage and imnentory turnower to endaate two campanies) Sprinkle Top and Coffee Shop are both specialty

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Lo 4 P6-65A. (Leurning Objectine 4: Using grass profit percentage and imnentory turnower to endaate two campanies) Sprinkle Top and Coffee Shop are both specialty food chains. The two companies reporied these figures, in millions: Inventory and Merchandising Operation Requirements 1. Conipute the gross profit percentage and the rate of invewory tumover for Sprinkle Top and Coffee Shop for 206. 2. Based on these statistiss, which company looks more profitable? Why? What oher expense calegory should we consider in evaluating these two compunics

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