Food Inventory Turnover Ratio
Food Inventory Turnover Ratio=Cost of Food ConsumedBeginning Food Inventory+Ending Food Inventory2Food Inventory Turnover Ratio=Cost of Food ConsumedBeginning Food Inventory+Ending Food Inventory2
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Inventory turnover is the ratio of cost of food sold by a business to its average food inventory during a given accounting period.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
This equation, Food Inventory Turnover Ratio, is used in 2 pages
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