The McDonald’s fast-food restaurant on campus sells an average of 7,200 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 795 pounds of hamburger in stock. Assume that the hamburger patties cost $4 a pound and there are 52 weeks in a year.
a. What is the inventory turnover for the hamburger patties? (Round your answer to 2 decimal places.)
Inventory turnover .......... per year
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