Calculate the inventory turnover for 2020, 2021, and 2022. (Rou
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
2020
2021
$1,900 $2,300 $2,500
2,300
2,500
2,600
21,840
21,420
Inventory
turnover
19,320
40,000 44,300
2022
Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.)
2020
44,260
times
2021
times
2022
times
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