PepsiCo, Inc.

Item	Amount
Beginning Inventory	$6,000,000
Purchases	$17,000,000
Ending Inventory	$6,300,000
Net Sales	$27,000,000
Operating Expenses	$8,200,000

Requirements:

1. Create the Cost of Goods Sold (COGS) statement.
2. Determine the Gross Profit.
3. Calculate the Inventory Turnover Ratio.
4. Draft a partial Income Statement showing Net Sales, COGS, and Gross Profit.
5. Evaluate how PepsiCo's inventory turnover ratio affects its global supply chain and market demand forecasting.