This information is available for PepsiCo, Inc. for 1996, 1997, and 1998:

Instructions Calculate the inventory turnover ratio, days in inventory, and gross profit rate (from Chapter 5) for PepsiCo., Inc. for 1996, 1997, and 1998. Comment on any trends.

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(in millions) Beginning inventory Ending inventory Cost of goods sold Sales 1996 1997 1998 $ 1,051 $ 8531 $ 732 853 732 1,016 8,452 8,525 9,330 20,337 20,917 22,348