The McDonald\'s fast-food restaurant on campus sells an average of 4,600 quarter

Question

The McDonald's fast-food restaurant on campus sells an average of 4,600 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 430 pounds of hamburger in stock. Assume that the hamburger costs $5.00 a pound. (a) What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal place.) Inventory turnover per year (b) On average, how many days of supply are on hand? (Round your answer to 2 decimal places.) Days of supply days

Explanation / Answer

Inventory turnover ratio - Sales/ average inventory = 4600/430 = 10.69

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