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Calculate the inventory turnover

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Reference no: EM132693921

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

Reference no: EM132693921

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