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A restaurant has annual sales of $424000, an average inventory of $6400, and an annual cost of goods sold of $252000. (Round your answer to 1 decimal place.) What is the restaurant's days-of-supply of inventory

Respuesta :

TomShelby

Answer:

It has supply for 9 complete days

Explanation:

[tex]\frac{cogs}{360} = inventory \: used \: per \: day[/tex]

252,000/360=700

this division tell us how much inventory we use per day total. COGS is an annual figure. Dividing this by 360 we get COGS per day or supply request per day

[tex] \frac{inventory}{use \: per \: day} = days \: of \: supply[/tex]

6400/700 = 9 days

in this division we check how many complete days our inventory stands for

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