Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.)

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.

(in millions)		2020		2021		2022
Beginning inventory		$1,700		$2,300		$2,500
Ending inventory		2,300		2,500		2,600
Cost of goods sold		17,000		20,160		19,635
Sales revenue		38,900		44,500		44,420

(a)

Correct answer iconYour answer is correct.

Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.)

		2020			2021			2022
Inventory turnover		enter an inventory turnover	times		enter an inventory turnover	times		enter an inventory turnover	times

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(b)

Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.)

		2020			2021			2022
Days in inventory		enter a number of days	days		enter a number of days	days		enter a number of days	days