In order to find the Inventory Turnover, I first found the Actual Cost of Goods Sold. In Quiz One the Actual Cost of Goods sold is $128,333, I found this number by subtracting Employee Meals ($1,865) minus Promotional Food ($385) minus Food Transfers ($425) from Cost of Goods Consumed ($130,783), and then I added the Bar Transfers ($425) which gave me the $128,333. After finding the Actual Cost of Goods Sold I found the Average Inventory ($30,913.5). I found the Average Inventory by adding my Food Opening Inventory and Food Ending Inventory and then subtracting the number by 2, as given in the formula provided in the book. Then I found the Inventory Turnover by dividing the Actual Cost of Goods Sold by the Average Inventory which gave me $4.15
