Estimated average inventory for the third quarter

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Reference no: EM131116695

Based on recent data from the third quarter of 2015, McDonald's Corp. had a quarterly COGS of 4.024 B$ (FYI, this was higher than the third quarter of 2014). It's estimated Average Inventory for the third quarter ending September 2015 was 101 M$ = 0.101 B$. The number of days in this third quarter is 92. Estimate the average days-of-supply that McDonald's carried in the third quarter of 2015. Show calculation.

Reference no: EM131116695

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