Calculate the gross profit rate for pepsico
Calculate Inventory Turnover, Days in Inventory, and Gross Profit Rates for PepsiCo. One of the major and important uses of the basic and required financial statements including the balance sheet and the income statement is to calculate certain types of ratios. Calculate the days in inventory for PepsiCo, Inc. for 2015, 2016, and 2017. (Round days in inventory to 1 decimal place, e.g. 5.1.) Calculate the gross profit rate for PepsiCo, Inc. for 2015, 2016, and 2017. Answers. Best Answer: Gross profit = Sales - COGS Gross profit rate = GP/Sales 2012 Sales revenue 39,142 less Cost of goods sold 17,810 = Gross profit 21,332; GP rate = 21,332/39,142 = 54.5% 2013 Sales revenue 42,751 less Cost of goods sold 20,093 = Gross profit 22,658; GP rate = 22,658/42,751 = 53.0% 2014 Sales