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Suppose this information is available for

Suppose this information is available for

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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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: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
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
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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