Q$2\mathrm{.}10($Algo$)$ McDonald$$s $[2\mathrm{.}4]$

The following figures are taken from the $2003$ financial statements of McDonald$$s and Wendy$$s$.$ Figures are in million dollars.

McDonald's Wendy's

Inventory $ $92\mathrm{.}1$ $ $20\mathrm{.}2$

Revenue $12,851\mathrm{.}22,262\mathrm{.}7$

Cost of goods sold $7,674\mathrm{.}21,996\mathrm{.}9$

a$.$ In $2003,$ what were McDonald$$s inventory turns? What were Wendy$$s annual inventory turns?Q$2\mathrm{.}10($Algo$)$ McDonald's $[2\mathrm{.}4]$

The following figures are taken from the $2003$ financial statements of McDonald's and Wendy's. Figures are in million dollars.

References

a$.$ In $2003,$ what were McDonald's inventory turns? What were Wendy's annual inventory turns? $($Round the answers to $2$ decimal

places.$)$

b$.$ Suppose it costs both McDonald's and Wendy's $$3($COGS$)$ per their value meal offerings, each sold at the same price of $$4.$ Assume

that the cost of inventory for both companies is $40$ percent a year. Compute the per$-$unit inventory cost per value meal $($in dollars$)$ for

McDonald's and Wendy's. $($Do not round intermediate calculations. Round the answers to $4$ decimal places.$)$