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Suppose this information is available forPepsiCo, Inc.for 2020, 2021, and 2022.(in millions)202020212022Beginning inventory$1,800$2,200$2,500Ending inventory2,2002,5002,600Cost of goods sold15,00017,39017,085Sales revenue40,00044,70044,610 (c) Calculate the grass proft rate for
Suppose this information is available forPepsiCo, Inc.for 2020, 2021, and 2022.(in millions)202020212022Beginning inventory$1,800$2,200$2,500Ending inventory2,2002,5002,600Cost of goods sold15,00017,39017,085Sales revenue40,00044,70044,610
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