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Business, 03.01.2020 00:31 ConstanceBhoo301

Jasper furnishings has $225 million in sales. the company expects that its sales will increase 10% 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 as follows: inventories = $15 + 0.245(sales) given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year-end inventory level? write out your answer completely. for example, 5 million should be entered as 5,000,000. do not round intermediate calculations. round your answer to the nearest dollar.

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