(b) Calculate the days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) Days in inventory 2020 days 2021 days 2022 days

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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(b)
Calculate the days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.)
Days in
inventory
2020
days
2021
days
2022
days
Transcribed Image Text:(b) Calculate the days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) Days in inventory 2020 days 2021 days 2022 days
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.
(in millions)
Beginning inventory
Ending inventory
Cost of goods sold
Sales revenue
(a)
2020
$116,000
Inventory
turnover
ratio
317,500
$410,500
476,500
895,000 1,120,000 1,297,500
Your answer is correct.
2021
$317,500
1,195,000 1,595,500
2020
410,500
Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, eg. 15.2.)
2022
4.1
times
1,894,000
2021
3.1
times
2022
29
times
Transcribed Image Text:Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue (a) 2020 $116,000 Inventory turnover ratio 317,500 $410,500 476,500 895,000 1,120,000 1,297,500 Your answer is correct. 2021 $317,500 1,195,000 1,595,500 2020 410,500 Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, eg. 15.2.) 2022 4.1 times 1,894,000 2021 3.1 times 2022 29 times
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