A bakery wants to determine how many trays of doughnuts it should prepare each day. Demand is normal with a mean of 5 trays and
standard deviation of 1 tray. If the owner wants a service level of at least 95% how many trays should he prepare (round to the nearest whole tray)? Assume doughnuts have no salvage value after the day is complete.
5
4
7
unable to determine with the above information
6
5
4
7
unable to determine with the above information
6
1 answer:
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Answer:
inventory turnover = $15.879
Explanation:
given data
Net Revenue = $27,500
Cost of sales = $19,690
Inventory = $1,240
Total assets = $17,990
assets invested = 8%
to find out
Baker's inventory turnover
solution
we will apply here formula for inventory turnover that is express as
inventory turnover = ..........................1
put here value we get
inventory turnover =
inventory turnover = $15.879