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-) c Not secure l eztan, Problem 13-16 The McDonald\'s resupplied twice a week,

ID: 378637 • Letter: #

Question

-) c Not secure l eztan, Problem 13-16 The McDonald's resupplied twice a week, and on a there are 52 weeks in a year. d's fast-food restaurant on campus sells an average of 1.600 quarter-pound hamburgers a. What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal places.) Inventory turnover b. On average, how many days of supply are on hand? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average days of supply Hints References Hint#1

Explanation / Answer

a.)inventory turnover= cost of goods sold/ average inventory

net sales=average sales * cost =1600/4 * 5=400pound *5$= $2000

average inventory= 360

invetory turnover= 2000/360=5.56

b.) Annual days of Supply= annual COGS/ no. of days in year

annual cogs= sales/week * no. of weeks*cost = 400*52*5

no of days in year= no. of weeks * 7= 52*7

Annual days of Supply= 400*52*5/(52*7)= 285.71