What is the inventory forecast for next year

Reference no: EM13264975

Kamath-Meier Corporations CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = $22 + (0.125(Sales). The company expects sales of 300 million during the currrent year, and it expects sales to grow by 32% next year. What is the inventory forecast for next year? All dollars are in millions.

Reference no: EM13264975

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