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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
$104,000
$311,500
$410,500
Ending inventory
311,500
410,500
474,000
Cost of goods sold
891,000
1,129,000
1,290,000
Sales revenue
1,194,500
1,595,000
1,895,500
Required -
(a) Calculate the inventory turnover for 2020, 2021, and 2022.
(b) Calculate the days in inventory for 2020, 2021, and 2022.
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