Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $107,000 $315,500 $416,000 Ending

image text in transcribedimage text in transcribed

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $107,000 $315,500 $416,000 Ending inventory 315,500 416,000 475,000 Cost of goods sold 891,500 1,121,000 1,291,000 Sales revenue 1,202,500 1,604,000 1,902,500 (a) Your Answer Correct Answer 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 3.1 times 2022 2.9 time

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Accounting

Authors: Fred Phillips, Robert Libby, Patricia Libby

5th edition

78025915, 978-1259115400, 1259115402, 978-0078025914

Students also viewed these Accounting questions