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Using the below information, calculate food cost percentage and inventory turnover ratio: Beginning Inventory: $ 1 4 , 0 0 0 Ending Inventory: $ 5

Using the below information, calculate food cost percentage and inventory turnover ratio:
Beginning Inventory: $14,000
Ending Inventory: $5,000
Purchases: $7,000
Employee Meals: $1000
Food Sales: $60,000

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