Muffin Mania, Inc., and Coffee Time Corporation are both specialty food chains. The two companies reported these figures, in millions: (Click the icon to view Muffin Mania's financial statements.) E (Click the icon to view Coffee Time's financial statements.) Data Table Read the requirements. Data Table Requirement 1. Compute gross margin percentage and the rated place, X.X.) Muffin Mania, Inc. Income Statements (Adapted) Years Ended December 31 Gross Profit Percentage % Inventory Turnover Rate Company Muffin Mania times (Amounts in millions) 2018 2017 Coffee Time Corporation Income Statements (Adapted) Years Ended December 31 (Amounts in millions) Coffee Time % times Revenues: 2018 2017 Net sales $ 600 $ 701 Net sales $ 6,369 8,000 $ 6,900 2,600 Cost of goods sold Selling, general, and administrative expenses 2,955 2,345 Costs and Expenses: Cost of goods sold Selling, general, and administrative expenses 510 592 65 60 Coffee Time Corporation Balance Sheets (Adapted) December 31 Muffin Mania, Inc. Balance Sheets (Adapted) December 31 (Amounts in millions) 2018 2017 Assets 2018 2017 (Amounts in millions) Assets Current assets: $ 180 Current assets: Cash and temporary investments Receivables, net Inventories 312 $ 230 196 $ 14 $ 31 Cash and cash equivalents Receivables 550 370 28 33 Inventories 20 40 Print Done