The following data are obtained from the 2004 financial statements (in millions $) of McDonald’s and Wendy’s. 

Wendy’s McDonald’s
Inventory	$54.4	$129.4
Revenue	3148.9	17140.5
Cost of goods sold	1634.6	11943.7
Gross profit	1514.4	5196.8

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 

2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?

The following data are obtained from the 2004 financial statements (in millions $) of McDonald’s and Wendy’s. 

	Wendy’s 	McDonald’s
Inventory	$54.4	$129.4
Revenue	3148.9	17140.5
Cost of goods sold	1634.6	11943.7
Gross profit	1514.4	5196.8

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 
2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?

The following data are obtained from the 2004 financial statements (in millions $) of McDonald’s and Wendy’s. 

	Wendy’s 	McDonald’s
Inventory	$54.4	$129.4
Revenue	3148.9	17140.5
Cost of goods sold	1634.6	11943.7
Gross profit	1514.4	5196.8

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 
2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?

The following data are obtained from the 2004 financial statements (in millions $) of McDonald’s and Wendy’s. 

	Wendy’s 	McDonald’s
Inventory	$54.4	$129.4
Revenue	3148.9	17140.5
Cost of goods sold	1634.6	11943.7
Gross profit	1514.4	5196.8

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 
2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?

The following data are obtained from the 2004 financial statements (in millions $) of McDonald’s and Wendy’s. 

	Wendy’s 	McDonald’s
Inventory	$54.4	$129.4
Revenue	3148.9	17140.5
Cost of goods sold	1634.6	11943.7
Gross profit	1514.4	5196.8

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 
2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 
2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?

Based on the above information, answer the following questions
1)	What is Wendy’s inventory turns? And what is the inventory turns of McDonald’s? 
2)	Suppose it costs both McDonald’s and Wendy’s $3 (COGS) per their value meal offerings, and each sold at the same price of $4. Assume that the cost of inventory for both firms is 30 percent a year. About how much does McDonald’s save in inventory cost per value meal compared to that of Wendy’s?