Solved by verified expert:Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017.(in millions)201520162017Beginning inventory$2,100$2,200$2,800Ending inventory2,2002,8002,600Cost of goods sold17,95120,43520,445Sales revenue38,89542,97443,152Calculate the inventory turnover for PepsiCo, Inc. for 2015, 2016, and 2017. (Round inventory turnover to 1 decimal place, e.g. 5.1.)201520162017Inventory turnover times times times
LINK TO TEXTCalculate the days in inventory for PepsiCo, Inc. for 2015, 2016, and 2017. (Round days in inventory to 1 decimal place, e.g. 5.1.)201520162017Days in inventory days days days
LINK TO TEXTCalculate the gross profit rate for PepsiCo, Inc. for 2015, 2016, and 2017. (Round gross profit rate to 1 decimal place, e.g. 5.1%.)201520162017Gross profit rate%%%
