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 $1,700 $2,300 $2,500 Ending inventory

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.

(in millions)

2020

2021

2022

Beginning inventory

$1,700 $2,300 $2,500

Ending inventory

2,300 2,500 2,600

Cost of goods sold

17,000 20,160 19,635

Sales revenue

38,900 44,500 44,420

(a)

Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.)

2020

2021

2022

Inventory turnover

enter an inventory turnover times enter an inventory turnover times enter an inventory turnover times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Business Accounting Volume 2

Authors: Frank Wood

4th Edition

0582413435, 978-0582413436

More Books

Students explore these related Accounting questions