Question
Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1. Inventory turnover 2020 times 2021 times
Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1. Inventory turnover 2020 times 2021 times 2022 times Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.) Days in inventory 2020 days 2021 days 2022 days Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) 2020 2021 2022 Gross profit rate % % % Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $2,000 $2,200 $2,500 Ending inventory 2,200 2,500 2,600 Cost of goods sold 15,960 17,625 17,340 Sales revenue 38,000 40,700 40,610
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