Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.

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 profit rate for 2020, 2021, and 2022.

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

Calculate inventory turnover, days in inventory, and gross profit rate.

Transcribed Image Text:

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