Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $2,100 $2,400 $2,500 Ending inventory 2,400 2,500 2,700 Cost of goods sold 19,350 20,825 20,280 Sales revenue 41,000 42,500 42,430 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover enter an inventory turnoverenter an inventory turnover timesenter an inventory turnoverenter an inventory turnover timesenter an inventory turnoverenter an inventory turnover times
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning inventory $2,100 $2,400 $2,500 Ending inventory 2,400 2,500 2,700 Cost of goods sold 19,350 20,825 20,280 Sales revenue 41,000 42,500 42,430 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover enter an inventory turnoverenter an inventory turnover timesenter an inventory turnoverenter an inventory turnover timesenter an inventory turnoverenter an inventory turnover times
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 46E
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Question
Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.
(in millions)
|
2020
|
2021
|
2022
|
|||
---|---|---|---|---|---|---|
Beginning inventory
|
$2,100 | $2,400 | $2,500 | |||
Ending inventory
|
2,400 | 2,500 | 2,700 | |||
Cost of goods sold
|
19,350 | 20,825 | 20,280 | |||
Sales revenue
|
41,000 | 42,500 | 42,430 |
(a)
Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.)
2020
2021
2022
Inventory turnover
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