`"Food Inventory Turnover Ratio" = "Cost of Food Consumed" /(( "Beginning Food Inventory" + "Ending Food Inventory" )/2)`

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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.