Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning...

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Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) Beginning inventory Ending in

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Answer 1

Answer #1

Year 2020
Average Inventory = (beginning inventory + ending inventory)/2

= ( $1700+2200)/2

= $ 1950


Inventory Turnover Ratio = Cost of goods sold / average inventory

= $15015/1950

=7.7 times

Year 2021
Average Inventory = (beginning inventory + ending inventory)/2

= ( $2200+2500)/2

= $ 2350

Inventory Turnover Ratio = Cost of goods sold / average inventory

= $17860/2350

=7.6 times



Year 2022


Average Inventory = (beginning inventory + ending inventory)/2

= ( $2500+2600)/2

= $ 2550

Inventory Turnover Ratio = Cost of goods sold / average inventory

= $17595/2550

=6.9 times

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Answer 2

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