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Exercise 6-11 a-c (Part Level Submission) Suppose this information is available for Pepsico, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory
Exercise 6-11 a-c (Part Level Submission) Suppose this information is available for Pepsico, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 $2,100 2,400 19,350 41,000 2021 $2,400 2,500 20,825 42,500 2022 $2,500 2,700 20,280 42,430 (a) Your answer is correct. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2022 2021 8.5 times Inventory turnover 8.6 times 7.8 times Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Your answer is correct. 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 42.4 days 42.9 days 46.8 days Click if you would like to Show Work for this question: Open Show Work (c) 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 % % % Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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