$110$

Section $2$ Purchasing Cost Control

Calculate the Inventory Turnover Rate for All American, a Casual$-$Dining Restaurant.

Assignment $8$ The following information is provided: Period Ending: January $18,20$xx Opening Inventory: $,$$$15,350$

Inventory Turnover Rate

Average Inventory:

Closing Inventory: $,15,710$

$18,220q,$

Food Purchases:

Cost of Goods Sold: $q,q,$

Inventory Turnover Rate: $q,q,$