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What is forecast of the company year-end inventory

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Reference no: EM132990557

Jasper Furnishings has $300 million in sales. The company expects that its sales will increase 12 percent this year. Jasper's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales.

On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is

Inventories = $25 + 0.125 (Sales)

Problem 1: Given the estimated sales forecast and the estimated relationship between inventories and sales, what is your forecast of the company's year-end inventory turnover ratio?

Reference no: EM132990557

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