Question: This is all the information I have. How do you solve for part C Gross oprofit rate Calculate the gross profit rate for 2020, 2021,
This is all the information I have. How do you solve for part C Gross oprofit rate



Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) 2020 2021 2022 Gross profit rate % % %Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory 7.7 turnover eTextbook and Media (b) V Your answer is correct. times times 6.9 Calculate the days in inventory for 2020, 2021, and 2022. (Round days in inventory to 1 decimal place, e.g. 5.1.) 2020 2021 2022 times Assistance Used Attempts: 1 of 3 used Days in inventory 47.4 days 48.0 days 52.9 days Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,700 $2,200 $2,500 Ending inventory 2,200 2,500 2,600 Cost of goods sold 15,015 17,860 17,595 Sales revenue 38,600 45,100 45,000
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