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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

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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 2020 $1,700 2,300 17.000 38.900 2021 $2,300 2,500 20,160 44,500 2022 $2,500 2,600 19,635 44,420 Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, eg. 5.1%) 2020 2021 2022 % 98 Gross profit rate

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