Calculate the inventory turnover ratio, days in inventory, and gross profit rate for PepsiCo. Inc….

This information is available for PepsiCo, Inc. for 2004, 2005, and 2006.

(in millions)

2004

2,005

2,006

Beginning inventory

$ 1,412

$ 1,541

$ 1,693

Ending inventory

1,541

1,693

1,926

Cost of goods sold

12,674

14,176

15,762

Sales

29,261

32,562

35,137

Instructions

Calculate the inventory turnover ratio, days in inventory, and gross profit rate for PepsiCo. Inc. for 2004, 2005, and 2006. Comment on any trends.

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