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The financial data for Ivanhoe Restaurants Incorporated and Oriole Buffet Ltd. for the current year are as follows: Annual Cost of Goods Sold Inventory Jan.
The financial data for Ivanhoe Restaurants Incorporated and Oriole Buffet Ltd. for the current year are as follows: Annual Cost of Goods Sold Inventory Jan. 1 Inventory Dec. 31 Ivanhoe Restaurants $1,302,960 $83,500 $62,900 Oriole Buffet 7,648,640 197,700 45,500 Calculate the inventory turnover for each company. (Round answersto 1 decimal place, e.g. 18.4.) Ivanhoe Restaurants Oriole Buffet Inventory turnover times tim
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