1. If an average inventory is $15,000, food sales are $90,000, and the cost of food sold is $45,000, then the inventory turnover rate is?

Question 2:

If an average inventory is $12,000, food sales are $90,000, and cost of food sold is $36,000, then the inventory turnover rate is?

Question 3:

The average person's food cost for your Sunday brunch is $6.99. During the past year a total of 5335 people purchased this brunch and your gross profit was $31,500.00, what was the selling price per person?

Answer rating: 100% (QA)

1 The inventory turnover rate can be calculated as follows Inventory turnover rate Cost of go... View the full answer