Current Attempt in Progress The inventory of Blossom Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $52,500, Sales Returns and Allowances $1,300, Purchases $41,000, Freight-In $1,500, and Purchase Returns and Allowances $1,600. Determine the merchandise lost by fire, assuming: (a) A beginning inventory of $20.500 and a gross profit rate of 45% on net sales. Estimated cost of merchandise lost Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (a) Calculate the inventory turnover for 2020,2021, and 2022. (Round answers to 1 decimal places, eg. 15.2.)