Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. Instructions a. Calculate the

Question:

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 2021 2022 $ 1,926 2,290 18,038

Instructions

a. Calculate the inventory turnover for 2020, 2021, and 2022. (Round to one decimal place.)

b. Calculate the days in inventory for 2020, 2021, and 2022.

c. Calculate the gross profi t rate for 2020, 2021, and 2022.

d. Comment on any trends observed in your answers to parts (a), (b), and (c).

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Related Book For answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jul 12, 2019 11:54 AM

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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. Instructions a. Calculate the

Question:

(in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue 2020 2021 2022 $ 1,926 2,290 18,038 39,474 $ 2,522 2,618 20,099 43,232 $ 2,290 2,522 20,351 43,251

Step by Step Answer:

a b c d The inventory turnover decreased by approxima...View the full answer

Financial Accounting Tools for Business Decision Making

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