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	$	120.0		$	38.9
Revenue		17,054.4			3,077.1
Cost of goods sold		8,486.4			1,351.8

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 $6 (COGS) per their value meal offerings, each sold at the same price of $7. Assume that the cost of inventory for both companies is 30 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.)

Answer rating: 100% (QA)

Answer A Inventory turns COGS Inventory McDonalds Inventory turns 84864 120 7072 Wendy... View the full answer