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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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