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In 500 words answer the following questions:

Locate the most recent 10K reports for Panera and one of its competitors on the U.S. Securities and Exchange Commission (SEC) website.

• Based on component percentage analysis and ratio analysis, what is your assessment of the profitability of Panera in the three most recent years?

• How does Panera's profitability compare with one of its competitor (indicate the competitor that you used)?

Discuss your assessments of the two companies based on this analysis.

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