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Puffy Time, Inc., and Coffee Cafe Corporation are both specialty food chains. The two companies reported these figures, in millions: decimal place, X . X
Puffy Time, Inc., and Coffee Cafe Corporation are both specialty food chains. The two companies reported these figures, in millions:
decimal place, XX
Data table
Data table
Compute gross margin percentage and the rate of inventory turnover for Puffy Time and Coffee Cafefor
Based on these statistics, which company looks more profitable? Why?
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