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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,580 $1,878 $2,068 Ending inventory

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

(in millions)

2020

2021

2022

Beginning inventory

$1,580 $1,878 $2,068

Ending inventory

1,878 2,068 2,146

Cost of goods sold

15,874 16,688 16,883

Sales revenue

34,735 35,466 36,316

(a)

Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal place, e.g. 52.7.)

2020

2021

2022

Inventory turnover

$enter inventory turnover in dollars $enter inventory turnover in dollars $enter inventory turnover in dollars

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