In addition to the utilisation rate of the key resource (i.e., tables), the owner also wanted...

 

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In addition to the utilisation rate of the key resource (i.e., tables), the owner also wanted to assess the efficiency of the restaurant's inventory management. Accounting department provided the following information for the second quarter of 2022. Item Revenue Cost of Goods Sold Overhead and Manpower Rental Stock: Food Raw Materials Stock: Beverage and Drinks Stock: Read-to-Eat Items Amount (in $000) 12,000 5,600 4,500 1,000 250 40 80 b. Calculate the inventory turnover and days of sales of inventory based on the above information. In addition to the utilisation rate of the key resource (i.e., tables), the owner also wanted to assess the efficiency of the restaurant's inventory management. Accounting department provided the following information for the second quarter of 2022. Item Revenue Cost of Goods Sold Overhead and Manpower Rental Stock: Food Raw Materials Stock: Beverage and Drinks Stock: Read-to-Eat Items Amount (in $000) 12,000 5,600 4,500 1,000 250 40 80 b. Calculate the inventory turnover and days of sales of inventory based on the above information.

Answer rating: 100% (QA)

To calculate the inventory turnover and days of sales of inventory well need the average inventory a... View the full answer