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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.
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