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May 1 Food inventory value: $73,480 May 31 Food Inventory value: $77,550 Cost of food during May $386,410 1
May 1 Food inventory value: $73,480
May 31 Food Inventory value: $77,550
Cost of food during May $386,410
1. What is the inventory turnover rate for food products for VPC Restaurant?
2. What does the answer (inventory turnover ratio) in question 1 mean?
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