Solved: What is the inventory turnover for the hamburgers patties, Finance Basics

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What is the inventory turnover for the hamburgers patties

Problem:

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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Finance Basics: What is the inventory turnover for the hamburgers patties

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