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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 and there are 52 weeks in a year. What is the inventory turnover for the hamburger patties? Note: Do not round intermediate calculations. Round your answer to 1 decimal place.   On average, how many days of supply are on-hand? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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 and there are 52 weeks in a year. What is the inventory turnover for the hamburger patties? Note: Do not round intermediate calculations. Round your answer to 1 decimal place.   On average, how many days of supply are on-hand? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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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 and there are 52 weeks in a year.

  1. What is the inventory turnover for the hamburger patties?

    Note: Do not round intermediate calculations. Round your answer to 1 decimal place.

     

  2. On average, how many days of supply are on-hand?

    Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

     
 
 
 
 
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