Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.(in millions)Beginning inventoryEnding inventoryCost of goods soldSales revenue20202021$1,900 $2,300 $2,5002,3002,5002,60021,84021,420Inventoryturnover19,32040,000 44,3002022Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.)202044,260times2021times2022times

Inventory turnover ratio is a financial ratio.It shows how many times the inventory is sold.It is…

Answered: Calculate the inventory turnover for…

Business

Accounting

Calculate the inventory turnover for 2020, 2021, and 2022. (Rou

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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