Question: Problem 1 3 - 1 6 ( Algo ) The McDonald's fast - food restaurant on campus sells an average of 7 , 2 0
Problem Algo
The McDonald's fastfood restaurant on campus sells an average of quarterpound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has pounds of hamburger in stock. Assume that the hamburger patties cost $ a pound and there are weeks in a year.
a What is the inventory turnover for the hamburger patties?
Note: Do not round intermediate calculations. Round your answer to decimal place.
Inventory turnover
per year
b On average, how many days of supply are on hand?
Note: Do not round intermediate calculations. Round your answer to decimal places.
Average days of supply
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
