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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 |
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