80.2K

Verified Solution

Link Copied!

Darden Chipotle Cost of goods sold (food, beverage, and packaging) $2,412.5 $1,601.0 Inventories: Beginning of year 205.3 End of year 207.3 a. Compute the inventory turnover for both companies. Round your answers to one decimal place. Inventory Turnover Darden Restaurants Chipotle b. Compute the days sales in inventory for both companies. Assume a 365-day year. If required, round all computations to one decimal place and use in subsequent calculations. Round final answers to one decimal place. Days' Sales in Inventory days days Chipotle c. Which company is more efficient in managing inventory? Darden Restaurants 19.9 21.6 h Check My Work appears to manage its food, beverage, and packaging inventories more efficiently. d. Based on the details provided in the question which of the following is correct? 1. The difference in inventory management efficiency may relate to the types of food the restaurants serve, Darden's food turnover can be slower. Chipotle offers food products that must be sold fresh. Chipotle must manage its inventory more carefully. 2. The difference in inventory management efficiency may relate to the types of food the restaurants serve. Chipotle's food turnover can be slower. Darden must manage its inventory more carefully.

answers to one decimal placei c. Which cartpany ia mork officient in maveng imentary

Answer & Explanation Solved by verified expert

See Answer