MANA-530 x Eam2 time bete tpx Exam 2 | Question 5 (of 30) Save & Exit Submit 5.

Q: MANA-530 x Eam2 time bete tpx Exam 2 | Question 5 (of 30) Save & Exit Submit 5.

1. Inventory turnover=COGS/avg inventory COGS $ 1,000.00 =4000/4*1 Avg inventory 350 Inventory turn over 5.71 =2*1000/350 since every week the inventory is turned twice 2. Inventory turnover=COGS/avg inventory COGS $ 1,000.00 =4000/4*1 Avg inventory 350 Inventory turn over 5.71 =2*1000/350 since every week the inventory is turned twice

ID: 378664 • Letter: M

Question

MANA-530 x Eam2 time bete tpx Exam 2 | Question 5 (of 30) Save & Exit Submit 5. ers ea resupplied twice a week, and on average the store has 350 pounds of hamburger in stock. Assume that the hamburger patties cost $1 a pound and there are 52 weeks in a year. a. What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal places.) Inventory turnover b. On average, how many days of supply are on hand? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average days of supply

Explanation / Answer

Inventory turnover=COGS/avg inventory

COGS

$ 1,000.00

=4000/4*1

Avg inventory

350

Inventory turn over

5.71

=2*1000/350

since every week the inventory is turned twice