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E4.7 A restaurant and beverage operation reported the following for the oper- ating month of March, which had 27 operating days. Food service inventory: March

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E4.7 A restaurant and beverage operation reported the following for the oper- ating month of March, which had 27 operating days. Food service inventory: March 1 March 31 Cost of Sales $7,312 $5,628 $38,820 For the month of March, calculate the food inventory turnover ratio and in- ventory holding period in days that it takes for food inventory to turn over

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