Analyze and compare Darden Restaurants to Panera Bread Darden Restaurants, Inc. (DRI) is the largest full-service restaurant company in the world. It operates over 2,200 restaurants under a variety of brand names, including Olive Garden, Bahama Breeze, and LongHorn Steakhouse. Panera Bread Company (PNRA) operates over 1,800 bakery-café locations across North America. It is one of the largest food service companies in the United States. The cost of food, beverage, and packaging and the beginning and ending inventory balances from recent annual reports for Darden and Panera are as follows (in millions): Darden Panera Cost of goods sold (food, beverage, and packaging) $2,039.7 $715.5 Inventories: Beginning of year 163.9 22.8 End of year 175.4 22.5 a. Compute the inventory turnover for both companies. Round all calculations to one decimal place. Inventory Turnover Darden Restaurants fill in the blank 1 Panera Bread fill in the blank 2 b. Compute the number of 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. Number of Days’Sales in Inventory Darden Restaurants fill in the blank 3 Panera Bread fill in the blank 4

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Analyze and compare Darden Restaurants to Panera Bread

Darden Restaurants, Inc. (DRI) is the largest full-service restaurant company in the world. It operates over 2,200 restaurants under a variety of brand names, including Olive Garden, Bahama Breeze, and LongHorn Steakhouse. Panera Bread Company (PNRA) operates over 1,800 bakery-café locations across North America. It is one of the largest food service companies in the United States. The cost of food, beverage, and packaging and the beginning and ending inventory balances from recent annual reports for Darden and Panera are as follows (in millions):

	Darden	Panera
Cost of goods sold (food, beverage, and packaging)	$2,039.7	$715.5
Inventories:
Beginning of year	163.9	22.8
End of year	175.4	22.5

a. Compute the inventory turnover for both companies. Round all calculations to one decimal place.

		Inventory Turnover
Darden Restaurants		fill in the blank 1
Panera Bread		fill in the blank 2

b. Compute the number of 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.