Jasper Furnishings has $300 million in sales. The company expects that its sales will increase 12% 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=$25+0.125(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 and its inventory turnover ratio?

Sales = $300,000,000

Sales Increase = 12%

Inventories = $25 + 0.125 (Sales)

Forecast sales = $300,000,000 * 1.12 = $336,000,000

As per equation inventory level = $25 + 0.125 (Sales)

= $25 + 0.125 ($336,000,000/1,000,000)

= $25 + $42

= $67 million

Inventory turnover ratio = Sales / Inventory

Inventory turnover ratio = $336,000,000/$67,000,000

Inventory turnover ratio = 5.014925373134328

Inventory turnover ratio = 5.015

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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