Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $110,000 $311,000 $415,500 Ending
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $110,000 $311,000 $415,500 Ending inventory 311,000 415,500 479,500 Cost of goods sold 891,500 1,118,500 1,297,500 Sales revenue 1,207,000 1,596,500 1,894,500 (a) Your answer is correct. Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) Inventory turnover ratio 2020 4.2 times 2021 31 times 2022 29 times
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