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 8.6 8.5 7.8 Days in Inventory 42.4 days 42.9 days 46.8 days Gross Profit Rate 54.3 % 52.9 % 53.5 %