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These are the missing the data for the previous problem Score: 113.33/140 Points 80.95% Question 12 (of 14) 12. Award: 3.33 out of 10.00 points

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Score: 113.33/140 Points 80.95% Question 12 (of 14) 12. Award: 3.33 out of 10.00 points Problem 7-6 Foods Galore is a major distributor to restaurants and other institutional food users. Foods Galore buys cereal from a manufacturer for $25 per case. Annual demand for cereal is 235,000 cases, and the company believes that the demand is constant at 940 cases per day for each of the 250 days per year that it is open for business. Average lead time from the supplier for replenishment orders is eight days, and the company believes that it is also constant. The purchasing agent at Foods Galore believes that annual inventory carying cost is 20 percent and that it costs $40 to prepare, send, and receive an order. Use Table 7-2 a-1. How many cases of cereal should Foods Galore order each time it places an order? (Round your answer to the nearest whole number.) 939 a-2. What will be the average inventory? (Round your answer to 1 decimal place.) 970.0 a-3. What wil be the inventory turnover rate? (Round your answer to 1 decimal place.) 242.3 a-4.Calculate the total annual cost based on a product cost of $25/unit. (Do not round intermediate calculations. Round your answer t decimal places.) 5,884,685.00

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