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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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