$.,.$

MANAGER'S MATH

What is the inventory turnover rate given the following information:

cost of food inventory at beginning of month: $$64,750$ Cost of food inventory at end of month: $$71,225$

Food cost $($cost of goods sold$)$

for month: $$139,400$

How many days will the food in inventory last $($assume $30$ days in a month$)?$

$\frac{5139,400}{\sqrt[\phantom{2}]{564750571,25}2}$

The number of times or rate the inventory will be turned over in March; $\mathrm{.}92$

How many days will the food inventory last $(31$ days in March$)$; $16\mathrm{.}11$

The data needed for this calculation is listed below:

Cost of at the food inventory at the beginning of March: $$32,300$

Cost of the food inventory at the end of March: $$35,500$

Food Cost $($cost of goods sold$)$ for the month of March $$65,250$

Submit your answers using this word document in canvas before the due date