McDonald's returns
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The McDonald's fast-food restaurant on a campus sell an average of 4,000 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 350 pounds of hamburger costs $1.00 a pound. What is the inventory turnover for the hamburgers patties? On average, how many days of supply are on hand?
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What is the inventory turnover for the hamburgers patties? On average, how many days of supply are on hand?
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Inventory turnover: (Cost of goods sold) / (Average aggregate inventory value)
Here the cost of goods sold is the annual cost of hamburgers. This does not include the selling or administrative expenses. On the other hand, the average aggregate inventory value is the total ...
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