Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,900 $2,300 $2.500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 19,320 21,840 21,420 Sales revenue 40,000 44,800 44,260 (a) Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 times 2021 times 2022 times

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $1,900 $2,300 $2.500 Ending inventory 2,300 2,500 2,600 Cost of goods sold 19,320 21,840 21,420 Sales revenue 40,000 44,800 44,260 (a) Your answer is incorrect. Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) Inventory turnover 2020 times 2021 times 2022 times

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 6MCQ: Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is...

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