Suppose this information is available for
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Calculate the days in inventory for 2023, 2024, and 2025. (Round days in inventory to 1 decimal place, e.g. 5.1.)
Days in
inventory
eTextbook and Media
2023
Gross profit rate
days
2023
Calculate the gross profit rate for 2023, 2024, and 2025. (Round gross profit rate to 1 decimal place, e.g. 5.1%.)
2024
%
days
2024
2025
2025
%
days

Transcribed Image Text:Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023.
(in millions)
Beginning inventory
Ending inventory
Cost of goods sold
Sales revenue
2025
$2,500
2024
$2,200 $2,000
2,500
2,200
17,340
17,625
15,960
40,610 40,700
38,000
Inventory turnover
2,600
Calculate the inventory turnover for 2023, 2024, and 2025. (Round inventory turnover to 1 decimal place, e.g. 5.1.)
2023
2023
times
2024
times
2025
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