(Learning Objective 4: Compute and evaluate gross margin and inventory turnover) Magic Muffins,…

(Learning Objective 4: Compute and evaluate gross margin and inventory turnover) Magic Muffins,…

(Learning Objective 4: Compute and evaluate gross margin and inventory turnover) Magic Muffins, Inc., and Top Roast Coffee Corporation are both specialty food chains. The two companies reported these figures, in millions:

 

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