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 $115,000 314,500 Inventory turnover ratio 2021 $314,500 411,500 1,126,000 1,208,000 1,599,500 901,000 2020 2022 $411.500 times 477,000 Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) 1,301,000 1,892,500 2021 times 2022 times
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 $115,000 314,500 Inventory turnover ratio 2021 $314,500 411,500 1,126,000 1,208,000 1,599,500 901,000 2020 2022 $411.500 times 477,000 Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) 1,301,000 1,892,500 2021 times 2022 times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
$115,000
Inventory
turnover
ratio
314,500
1,208,000
2021
2022
$314,500 $411,500
901,000 1,126,000
1,599,500
411,500
2020
477,000
Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.)
times.
1,301,000
1,892,500
2021
times
2022
times.
Transcribed Image Text:Calculate the days in inventory for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.)
Days in
inventory
eTextbook and Media
2020
Gross profit rate
days
2020
Calculate the gross profit rate for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2%.)
2021
%
days
2021
%
2022
D
2022
days
%
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