Question: This information is available for PepsiCo, Inc. for 2007, 2008, and 2009. InstructionsCalculate the inventory turnover ratio , days in inventory, and gross profit rate

This information is available for PepsiCo, Inc. for 2007, 2008, and 2009.

InstructionsCalculate the inventory turnover ratio, days in inventory, and gross profit rate for PepsiCo., Inc. for 2007, 2008, and 2009. Comment on any trends.

(in millions) 2009 $ 2,522 2,618 2007 $ 1,926 2,290 18,038 39,474 2008 Beginning inventory Ending inventory Cost of goods sold Sales revenue $ 2,290 2,522 20,351 43,251 20,099 43,232

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