inventory Turnover 1 answer below »

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inventory Turnover 1 answer below »

The McDonald’s fast-food restaurant on campus sells 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 in stock. Assume that the hamburger patties cost $1.00 a pound. . What is the inventory turnover for the hamburger patties?
(Round your answer to 2 decimal places.)
On average, how many days of supply are on hand? (Use 364 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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