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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,900 $2,100 $2,400 Ending inventory

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.

(in millions)

2020

2021

2022

Beginning inventory

$1,900 $2,100 $2,400

Ending inventory

2,100 2,400 2,500

Cost of goods sold

15,600 17,325 17,150

Sales revenue

40,000 43,100 42,980
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(a)

Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.)

2020

2021

2022

Inventory turnover

enter an inventory turnover

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times enter an inventory turnover

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times enter an inventory turnover

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times

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