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Calculate the inventory turnover

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Reference no: EM133177191

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.

Reference no: EM133177191

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