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Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions) 2015 2016 2017 Beginning inventory $1,800 $2,300 $2,300 Ending inventory

image text in transcribedimage text in transcribed Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions) 2015 2016 2017 Beginning inventory $1,800 $2,300 $2,300 Ending inventory 2,300 2,300 2,500 Cost of goods sold 18,391 20,619 19,945 Sales revenue 39,141 43,882 43,985 Calculate the inventory turnover for PepsiCo, Inc. for 2015, 2016, and 2017. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2015 times 2016 times 2017 times Calculate the days in inventory for PepsiCo, Inc. for 2015, 2016, and 2017. (Round days in inventory to 1 decimal place, e.g. 5.1.) Days in inventory eTextbook and Media 2015 days 2016 days 2017 Calculate the gross profit rate for PepsiCo, Inc. for 2015, 2016, and 2017. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) Gross profit rate 2015 % 2016 % 2017 % days

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