What is the inventory turnover for the hamburger patties

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Reference no: EM131125145

The McDonald's fast-food restaurant on campus sells an average of 3,500 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 420 pounds of hamburger in stock. Assume that the hamburger costs $4.00 a pound.

(a) What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal place.

(b) On average, how many days of supply are on hand? (Round your answer to 2 decimal places.)

Reference no: EM131125145

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