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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,800 $2,200 $2,500 Ending
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,800 $2,200 $2,500 Ending inventory 2,200 2,500 2,600 Cost of goods sold 15,000 17,390 17,085 Sales revenue 40,000 44,700 44,610 (a) * Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 62.5 times 2021 61.0 times 2022 61.7 time
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