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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
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
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