Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions) 2015 2016 2017 Beginning inventory $ 2,100 $ 2,400 $ 2,300 Ending inventory 2,400 2,300 2,700 Cost of goods sold 18,227 20,071 20,478 Sales revenue 39,145 42,957 44,066
Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions) 2015 2016 2017 Beginning inventory $ 2,100 $ 2,400 $ 2,300 Ending inventory 2,400 2,300 2,700 Cost of goods sold 18,227 20,071 20,478 Sales revenue 39,145 42,957 44,066
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017.
| (in millions) |
2015
|
2016
|
2017
|
|||
| Beginning inventory | $ 2,100 | $ 2,400 | $ 2,300 | |||
| Ending inventory | 2,400 | 2,300 | 2,700 | |||
| Cost of goods sold | 18,227 | 20,071 | 20,478 | |||
| Sales revenue | 39,145 | 42,957 | 44,066 |
Calculate the inventory turnover for PepsiCo, Inc. for 2015, 2016, and 2017. (Round inventory turnover to 1 decimal place, e.g. 5.1.)
|
2015
|
2016
|
2017
|
|||||||
| Inventory turnover | times | times | times |
Calculate the days in inventory for PepsiCo, Inc. for 2015, 2016, and 2017. (Round days in inventory to 1 decimal place, e.g. 5.1.)
|
2015
|
2016
|
2017
|
|||||||
| Days in inventory | days | days | days |
Calculate the gross profit rate for PepsiCo, Inc. for 2015, 2016, and 2017. (Round gross profit rate to 1 decimal place, e.g. 5.1%.)
|
2015
|
2016
|
2017
|
||||
| Gross profit rate | % | % | % |
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