Question
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,926 $2,290 $2,522 Ending inventory
Suppose this information is available forPepsiCo, Inc.for 2020, 2021, and 2022.
(in millions)
2020
2021
2022
Beginning inventory
$1,926
$2,290
$2,522
Ending inventory
2,290
2,522
2,618
Cost of goods sold
18,038
20,351
20,099
Sales revenue
39,474
43,251
43,232
2020
2021
2022
Inventory turnover
8.68.57.8Days in Inventory42.4days42.9days46.8daysGross Profit Rate54.3%52.9%53.5%
(d)Comment on the trends observed in the data above.
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Financial Accounting Information For Decisions
Authors: John J. Wild
10th Edition
1260705587, 978-1260705584
