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Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place Gross profit rate 2020 % 2021

Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place Gross profit rate 2020 % 2021 % Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and: (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,000 2,400 20,460 2021 $2,400 2,700 2022 38,900 44.100 $2,700 2,800 23,460 23,375 44,020

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