The following financial information (in US$ millions) is for two major corporations for the three years ended December 31: PepsiCo., Inc. Net sales Cost of sales Profit for the year Inventory Coca-Cola Company Net sales Cost of sales Profit for the year Inventory (a) PepsiCo., Inc Inventory turnover Days sales in inventory Gross profit margin Coca-Cola Company Inventory turnover Days sales in inventory 2019 Gross profit margin $67,161 30,132 7,314 3,338 $37,266 14,619 8,920 3,379 2018 $64,661 29,381 12,515 3,128 Calculate the inventory turnover, days sales in inventory, and gross profit margin for each company for 2019 and 2018. (Round days sales in inventory to O decimal places, e.g. 52 and all other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) $34,300 13,067 6,434 3,071 2019 2019 $63,525 28,796 4,857 2,947 % $36,212 times days 2017 % 13,721 times days 1,248 2,655 2018 2018 times days % times days %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following financial information (in US$ millions) is for two major corporations for the three years ended December 31:
PepsiCo., Inc.
Net sales
Cost of sales
Profit for the year
Inventory
Coca-Cola Company
Net sales
Cost of sales
Profit for the year
Inventory
(a)
PepsiCo., Inc
Inventory turnover
Days sales in inventory
Gross profit margin
Coca-Cola Company
Inventory turnover
Days sales in inventory
2019
Gross profit margin
$67,161
30,132
7,314
3,338
$37,266
14,619
8,920
3,379
2018
$64,661
29,381
12,515
3,128
$34,300
13,067
6,434
3,071
Calculate the inventory turnover, days sales in inventory, and gross profit margin for each company for 2019 and 2018. (Round days
sales in inventory to 0 decimal places, e.g. 52 and all other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.)
2019
2019
$63,525
%
days
times
2017
28,796
4,857
$36,212
%
days
times
2,947
13,721
1,248
2,655
2018
2018
times
days
%
times
days
%
Transcribed Image Text:The following financial information (in US$ millions) is for two major corporations for the three years ended December 31: PepsiCo., Inc. Net sales Cost of sales Profit for the year Inventory Coca-Cola Company Net sales Cost of sales Profit for the year Inventory (a) PepsiCo., Inc Inventory turnover Days sales in inventory Gross profit margin Coca-Cola Company Inventory turnover Days sales in inventory 2019 Gross profit margin $67,161 30,132 7,314 3,338 $37,266 14,619 8,920 3,379 2018 $64,661 29,381 12,515 3,128 $34,300 13,067 6,434 3,071 Calculate the inventory turnover, days sales in inventory, and gross profit margin for each company for 2019 and 2018. (Round days sales in inventory to 0 decimal places, e.g. 52 and all other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) 2019 2019 $63,525 % days times 2017 28,796 4,857 $36,212 % days times 2,947 13,721 1,248 2,655 2018 2018 times days % times days %
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