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Suppose this information is available for PepsiCo, Inc. for 2020 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $103,000 $319,000 $414,500 319,000 414,500

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Suppose this information is available for PepsiCo, Inc. for 2020 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $103,000 $319,000 $414,500 319,000 414,500 472,000 Ending inventory Cost of goods sold 892,000 1,120,500 1,306,000 Sales revenue 1,200,000 1,605,500 1,903,000 Calculate the gross profit rate for 2020 2021, and 2022 (Round answers to 1 decimal places, g. 15.2%) 2020 2021 2022 Gross profit rate %

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