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Sweet Treats, Inc., and La Creme Coffee Corporation are both specialty food chains. The two companies reported these figures, in millions (Click the icon
Sweet Treats, Inc., and La Creme Coffee Corporation are both specialty food chains. The two companies reported these figures, in millions (Click the icon to view Sweet Treats's financial statements.) (Click the icon to view La Creme Coffee's financial statements.) Read the requirements Requirement 1. Compute gross margin percentage and the rate of inventory turnover for Sweet Treats and La Creme Coffee for 2021. (Round gross profit percentage to the nearest tenth percent, XX%, and the inventory turnover rate to one decimal place, XX) Company Sweet Treats La Creme Coffee Gross Profit Percentage Inventory Turnover Rate % times times
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