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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue (a) 2020 Inventory turnover ratio $110,000 313,500 2021 $313,500 410,500 2020 1,201,000 1,596,000 2022 909,000 1,120,000 1,299,500 $410,500 times 490,000 Calculate the inventory turnover for 2020, 2021, and 2022. (Round answers to 1 decimal places, e.g. 15.2.) 1,895,000 2021 times 2022 times
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