The McDonald's fast-food restaurant on campus sells an average of 4,800 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 465 pounds of hamburger in stock. Assume that the hamburger patties cost $3 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.) Inventory turnover 134.19 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.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter5: Systems Of Equations And Inequalities
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Problem 13-16
The McDonald's fast-food restaurant on campus sells an average of 4,800 quarter-pound hamburgers each week.
Hamburger patties are resupplied twice a week, and on average the store has 465 pounds of hamburger in stock.
Assume that the hamburger patties cost $3 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.)
Inventory turnover
134.19
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
0.27
Transcribed Image Text:Problem 13-16 The McDonald's fast-food restaurant on campus sells an average of 4,800 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 465 pounds of hamburger in stock. Assume that the hamburger patties cost $3 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.) Inventory turnover 134.19 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 0.27
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