The following financial information (in US$ million) is for two major corporations for the three years ended December 31:
PesiCo.,Inc. 2019 2018 2017
Net sales $67,161 $64,661 $63,525
Cost of sales 30,132 29,381 28,796
Profit for the year 7,314 12,515 4,857
Inventory 3,338 3,128 2,947
a) Calculate the inventory turnover, days sales in inventory, and gross profit margin for each company for 2019 and 2018. (Round days sales in inventory to 0 decimals places, e.g. 52 and all other answers to 2 decimal places, e.g.52.75. Use 365 days for calculation.)
PesiCo.,Inc
2019 2018
Inventory turnover times times
Day sales in inventory days days
Gross profit margin % %
Coca-cola company 2019 2018
Inventory Turnover times times
Days sales in inventory days days
Gross profit margin % %