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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,800 $2,300 $2,600 Ending inventory 2,300 2,600 2,700 Cost of goods sold 18,450 21,805 21,730 Sales revenue 40,200 47,200 47,140

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,800 $2,300 $2,600 Ending inventory 2,300 2,600 2,700 Cost of goods sold 18,450 21,805 21,730 Sales revenue 40,200 47,200 47,140

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,800 $2,300 $2,600 2,300 2,600 2,700 Ending inventory Cost of goods sold Sales revenue Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 18,450 21,805 21,730 40,200 47,200 47,140 eTextbook and Media. Days in inventory eTextbook and Media Gross profit rate 2020 Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.) eTextbook and Media 2020 2020 2020 times days % 2021 2021 2021 2021 times Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) % days 2022 2022 2022 2022 % times days
Transcribed Image Text:Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,800 $2,300 $2,600 2,300 2,600 2,700 Ending inventory Cost of goods sold Sales revenue Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 18,450 21,805 21,730 40,200 47,200 47,140 eTextbook and Media. Days in inventory eTextbook and Media Gross profit rate 2020 Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.) eTextbook and Media 2020 2020 2020 times days % 2021 2021 2021 2021 times Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) % days 2022 2022 2022 2022 % times days
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