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Calculate the days in inventory

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Reference no: EM133032012

Problem - Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022.

(in millions)

2020

2021

2022

Beginning inventory

$1,700

$2,200

$2,500

Ending inventory

2,200

2,500

2,600

Cost of goods sold

15,015

17,860

17,595

Sales revenue

38,600

45,100

45,000

Required -

a. Calculate the inventory turnover for 2020, 2021, and 2022.

b. Calculate the days in inventory for 2020, 2021, and 2022.

Reference no: EM133032012

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