Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023. (in millions) 2025 2024 2023 Beginning inventory $2,500 $2,200 $1,800 Ending
Suppose this information is available for PepsiCo, Inc. for 2025, 2024, and 2023. (in millions) 2025 2024 2023 Beginning inventory $2,500 $2,200 $1,800 Ending inventory 2,600 2,500 2,200 Cost of goods sold 19,635 19,740 17,000 Sales revenue 43,060 43,100 38,200 (a) Your Answer Correct Answer (Used) Calculate the inventory turnover for 2023, 2024, and 2025. (Round inventory turnover to 1 decimal place, e.g. 5.1.) ntory turnover 2023 8.5 times 2024 8.4 times (b) Calculate the days in inventory for 2023, 2024, and 2025. (Round days in inventory to 1 decimal place, e.g. 5.1.) Days in inventory 2023 days 2024 days 2025 2025 7.7 tim days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started