Exercise 8.4 

Inventory Turnover Average Inventory = Opening Inventory Closing Inventory 2 Opening Inventory $5,320.00 Closing Inventory $4,590.00 Total $9,910.00 Average Inventory = Average Inventory Inventory Tunover = Food Cost Average Inventory Inventory Turnover Inventory Turnover =

Answer rating: 100% (QA)

To calculate the Inventory Turnover you will need to use the formula Inventory Tu... View the full answer