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Tools used in home renovations and operates

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House Depot rents out tools used in home renovations and operates seven days a week. Tools can be rented out either on a weekly or monthly basis. House Depot owns a total of 394 tools used to support the rental operations. On average, 9 tools are rented-out each day on a weekly contract. Further, on average 3 tools are rented out each day on a monthly contract (consider a month to have 28 days). When the tools are returned, they spend a day, on average, being cleaned and repaired in preparation for the next rental. What is the average amount of time a tool spends in-store (not including cleaning and repair) prior to being rented out?

Reference no: EM133363404

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