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The restaurant's beginning and ending food inventory for 2020 totaled $13,000 and $14,000 respectively. Additional 2020 information is as follows: Food purchases: $170,000 Employee
The restaurant's beginning and ending food inventory for 2020 totaled $13,000 and $14,000 respectively. Additional 2020 information is as follows: Food purchases: $170,000 Employee meals: $3,000 Promotional meals: $2,000 Food sales: $480,000 Compute food inventory turnover for 2020 O 14 times 15.50 times O 12.15 times 5 times
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