Chef Fabio does beginning inventory on Thursday night and finds that he has $1456 in food products in the restaurant. Throughout the week hepurchases:ered1.00$457 produce,• $632 protein,ion• $356 dry goods, and. $147 dairy.The following Thursday he does ending inventory and finds that he has $1643 in food. He looks at his sales and finds that he made $5546 overthe same 7 day period. What is his food cost as a percentage of sales (food cost percentage)?Select one:a. 28.70%b. 55.88%c. 25.33%d. 54.96%

The cost as a percentage of the sales helps in finding out exactly how much profit we are earning…

Answered: Chef Fabio does beginning inventory on…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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