True calculation QUESTION:A restaurant has 100 seats with an average turnover of 2.5, and anaverage check of $14.75. If the restaurant is open 260 days/year, whatis the annual sales revenue?Number of seatsSeat turnover/dayAverage check1002.5$14.75Estimate annual revenue 260

Step 1: Introduction to financial ratiosFinancial ratios are quantitative metrics used to evaluate a…

Answered: QUESTION: A restaurant has 100 seats…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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QUESTION: A restaurant has 100 seats with an average turnover of 2.5, and an average check of $14.75. If the restaurant is open 260 days/year, what is the annual sales revenue? Number of seats Seat turnover/day Average check 100 2.5 $14.75 Estimate annual revenue 260