Problem 16-16 (Algo) The McDonald's fast-food restaurant on campus sells an average of 7,200 quarter-pound hamburgers each week. Hamburger pattles are resupplied twice a week, and on average the store has 795 pounds of hamburger In stock. Assume that the hamburger pattles cost $4 a pound and there are 52 weeks in a year. a. What is the inventory turnover for the hamburger pattles? (Round your answer to 2 decimal places.) Inventory turnover ratio 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

Problem 16-16 (Algo) The McDonald's fast-food restaurant on campus sells an average of 7,200 quarter-pound hamburgers each week. Hamburger pattles are resupplied twice a week, and on average the store has 795 pounds of hamburger In stock. Assume that the hamburger pattles cost $4 a pound and there are 52 weeks in a year. a. What is the inventory turnover for the hamburger pattles? (Round your answer to 2 decimal places.) Inventory turnover ratio 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

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

Problem 16-16 (Algo)
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 pattles? (Round your answer to 2 decimal places.)
Inventory turnover ratio
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

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Problem 16-16 (Algo)
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.)
> Answer is complete but not entirely correct.
per
year
Inventory turnover ratio
470.94
b. On average, how many days of supply are on hand? (Do not round intermediate calculations. Round your answer to 2 decimal
places.)
> Answer is complete but not entirely correct.
Average days of supply
0.77

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