Arestaurant has annual sales of $424000, an average inventory of $6400, and an annual cost of goods sold of $252000. (round your answer to 1 decimal place.) what is the restaurant's days-of-supply of inventory

It has supply for 9 complete days

Explanation:

252,000/360=700

this division tell us how much inventory we use per day total. COGS is an annual figure. Dividing this by 360 we get COGS per day or supply request per day

6400/700 = 9 days

in this division we check how many complete days our inventory stands for

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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