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The McDonald’s fast-food restaurant on campus sells an average of 5,600 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 490 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 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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