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The two companies reported these figures Chocolate treats d Statement of operations FISCAL YEAR (THOUSANDS) 2020 2019 REVENUES NET SALES 5543 $70 COSTS AND
The two companies reported these figures Chocolate treats d Statement of operations FISCAL YEAR (THOUSANDS) 2020 2019 REVENUES NET SALES 5543 $70 COSTS AND EXPENSES COST OF GOODS SOLD 475 598 55 GENERAL AND ADMINISTRATIVE EXPENSES CHOCOLATE TREATS LTD BALANCE SHEET (THOUSANDS) ASSETS CURRENT ASSETS JANUARY 31 2020 2019 RECIEVABLES INVENTORIES CASH AND CASH EQUIVALENTS 517 $28 27 30 24 29 COFFEE BARS INC STATEMENT OF EARNINGS (THOUSANDS) NET SALES FISCAL YEAR 2020 2019 COSTS OF GOODS SOLD SELLING GENERAL AND ADMINISTRATIVE EXPENSES $7,787 $6,369 3,179 2,605 2,948 2,363 COFFE BARS INC BALANCE SHEET YEAR END 2020 2019 (THOUSANDS) ASSETS: CURRENTS ASSETS CASH AND TEMPORARY INVESTMENT RECEIVABLES NET INVENTORIES $313 224 636 5174 191 546 USE GROOS PROFIT PERCENTAGE AND INVENTORY TURNOVER TO EVALUATE TWO COMPANIES REQUIEMENT: 1. COMPARE THE GROOS PROFIT PERCENTAGE AND THE RATE OF INVENTORY TURNOVER FOR CHOCOLATE TREATS AND FOR COFFEE BARS FOR 2020. 2. BASED ON THESE STATISTICS, WHICH COMPANY LOOKS MORE PROFITABLE? WHY?WHAT OTHER EXPENSE CATEGORY SHOULD WE CONSIDERS IN EVALUATING THERE TWO COMPANIES?
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