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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,900 $2,300 $2,500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 19,320 21,840 21,420 Sales revenue 40,000 44,300 44,260 C (a) Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 times 2021 times 2022 times

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,900 $2,300 $2,500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 19,320 21,840 21,420 Sales revenue 40,000 44,300 44,260 C (a) Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 times 2021 times 2022 times

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 $1,900 $2,300 $2,500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 19,320 21,840 21,420 Sales revenue 40,000 44,300 44,260 C (a) Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 times 2021 times 2022 times
Transcribed Image Text:Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,900 $2,300 $2,500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 19,320 21,840 21,420 Sales revenue 40,000 44,300 44,260 C (a) Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 times 2021 times 2022 times
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