> Save = Homework: Chapter 6 - Apply your ... Question 3, P6-768 (boo... HW Score 77.69%, 15,53 of 20 points Part 1 of 3 O Points: 0 of 4 Sprinkle Top, Inc., and Coffee Shop Corpormon are both specialty food chains. The companies reported these figures, en millions (Click the icon to view Sprinkle Top's financial statements) Click the icon to view Coffee Shop's financial statements.) Read the requirements Requirement 1. Compute gross marpin percentage and the rate of inventory tumover for Sprinkle Top and Coffee Shop for 2021. Round gross proht percentage to the restent percent X.X% and the inventory turnover rate to one decimal place, XX) Gross Profit Inventory Company Peroentage Turnover Rate Sprinkle Top times Coffee Shop imes Clear Al Check Answer Print A w O 100 High.. My ASI Scribbr - Scriptie L. 1 (FALL 2021 - A) Question 3, P6-76B (boo... HW Score: 77.63%, 15.53 Data Table oral fing find perci one Sprinkle Top, Inc. Income Statements (Adapted) Years Ended December 31 (Amounts in millions) Revenues Net sales 2021 2020 $ 450 $ 701 Costs and Expenses: Cost of goods sold Selling, general, and administrative expenses 360 598 64 50 Sprinkle Top, Inc. Balance Sheets (Adapted) December 31 Print Done Clear A o W ))) , PlayerHomework.aspx?homeworkid=607070820&questionld=1&flushed=false&cld Slickdeals: The Be... Great Lakes Highe... sal My ASU Scribbr-Scriptie ... 21-A) Question 3, P6-76B (boo... HW Score: 77.63%, 15.53 ata Table Costs and Expenses: Cost of goods sold Selling, general, and administrative expenses 598 360 64 50 Sprinkle Top, Inc. Balance Sheets (Adapted) December 31 (Amounts in millions) Assets Current assets: Cash and temporary investments $ Receivables 2021 2020 HA 15 $ 32 28 31 Inventories 10 30 Print Done Clear Bookmarks Profiles Tab Window Help x P Do Homework - Chapter 6 - Ap X + ent/PlayerHomework.aspx?homeworkId=607070820&questionId=1&flushed=false&cld sd Slickdeals: The Be... Great Lakes Highe... My ASU Scribbr - Scriptie L... _ 2021 - A) Question 3, P6-76B (boo... HW Score: 77.63%, 15.53 Data Table Coffee Shop Corporation Income Statements (Adapted) Years Ended December 31 (Amounts in millions) Net sales Cost of goods sold Selling, general, and administrative expenses 2021 2020 8,000 $ 6,500 6,370 2,620 2,330 2,950 Coffee Shop Corporation Balance Sheets (Adapted) Dicember 31 (Amounts in millions) 2021 2020 Assets Current assets: Print Done P Do Homework - Chapter 6 - A X + Hent/PlayerHomework.aspx?homeworkld=607070820&questionId=1&flushed=false& sd Slickdeals: The Be... Great Lakes Highe... ASLI My ASU Scribbr - Scriptie L 2021 - A) Question 3, P6-76B (boo... HW Score: 77.63%, 1 Data Table 2021 2020 $ 6,370 (Amounts in millions) Net sales Cost of goods sold Selling, general, and administrative expenses 8,000 $ 6,500 2,950 2,620 2,330 Coffee Shop Corporation Balance Sheets (Adapted) December 31 (Amounts in millions) Assets Current assets: I Cash and temporary investments $ Receivables, net 2021 2020 2020 $ 314 $ 171 228 194 Inventories 780 470 Print Done 2021 - A) Question 3, P6-76B (boo... HW Score: 77.63 Data Table (Amounts in millions) Net sales 2021 2020 $ 8,000 $ 6,370 Requirements 1. Compute gross margin percentage and the rate of inventory turnover for Sprinkle Top and Coffee Shop for 2021. 2. Based on these statistics, which company looks more profitable? Why? Print Done TTVETTUTUS TOU TO Print Done