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 Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) 2020 2021 2022 Gross profit rate enter percentagesenter percentages % enter percentagesenter percentages % enter percentagesenter percentages %
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 Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.) 2020 2021 2022 Gross profit rate enter percentagesenter percentages % enter percentagesenter percentages % enter percentagesenter percentages %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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 |
Calculate the gross profit rate for 2020, 2021, and 2022. (Round gross profit rate to 1 decimal place, e.g. 5.1%.)
|
2020
|
2021
|
2022
|
||||
|---|---|---|---|---|---|---|
|
Gross profit rate
|
enter percentagesenter percentages % | enter percentagesenter percentages % | enter percentagesenter percentages % |
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