PepsiCo, Inc., manufacturer and distributor of drinks, Frito-Lay, and Quaker Foods, provides the fol-lowing in a recent annual report (shown here in $ billions). Determine PepsiCo’s turnover. Net revenue $32.5Cost of goods sold $14.2Inventory:Raw material inventory $.74Work-in-process inventory $.11Finished goods inventory $.84Total average inventory investment $1.69 APPROACH c Use the inventory turnover computation in Equation (11-2) to measure inventoryperformance. Cost of goods sold is $14.2 billion. Total inventory is the sum of raw material at $.74 billion, work-in-process at $.11 billion, and finished goods at $.84 billion, for total average inventory invest-ment of $1.69 billion.
PepsiCo, Inc., manufacturer and distributor of drinks, Frito-Lay, and Quaker Foods, provides the fol-lowing in a recent annual report (shown here in $ billions). Determine PepsiCo’s turnover. Net revenue $32.5Cost of goods sold $14.2Inventory:Raw material inventory $.74Work-in-process inventory $.11Finished goods inventory $.84Total average inventory investment $1.69 APPROACH c Use the inventory turnover computation in Equation (11-2) to measure inventoryperformance. Cost of goods sold is $14.2 billion. Total inventory is the sum of raw material at $.74 billion, work-in-process at $.11 billion, and finished goods at $.84 billion, for total average inventory invest-ment of $1.69 billion.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....
Related questions
Question
PepsiCo, Inc., manufacturer and distributor of drinks, Frito-Lay, and Quaker Foods, provides the fol-
lowing in a recent annual report (shown here in $ billions). Determine PepsiCo’s turnover.
Net revenue $32.5
Cost of goods sold $14.2
Inventory:
Raw material inventory $.74
Work-in-process inventory $.11
Finished goods inventory $.84
Total average inventory investment $1.69
APPROACH c Use the inventory turnover computation in Equation (11-2) to measure inventory
performance. Cost of goods sold is $14.2 billion. Total inventory is the sum of raw material at $.74 billion,
work-in-process at $.11 billion, and finished goods at $.84 billion, for total average inventory invest-
ment of $1.69 billion.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning