A restaurant and beverage operation reported the following for the operating month of March, which had 23

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A restaurant and beverage operation reported the following for the operating month of March, which had 23 operating days. image text in transcribed

For the month of March, calculate the food inventory turnover ratio and inventory holding period in days that it takes for food inventory to turn over.

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Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

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Question Posted: Jun 28, 2024 01:12 AM

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A restaurant and beverage operation reported the following for the operating month of March, which had 23

Question:

Food service inventory: March 1 $8,868 March 31 $5,740 Cost of Sales $36,520

Step by Step Answer:

Hospitality Management Accounting

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