Jasper furnishings has $400 million in sales. the company expects that its sales will increase 8% 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 shown below. inventories = $35 + 0.21(sales)1. given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year-end inventory level? round your answer to the nearest hundredth of million dollar.$ millions2. what are your forecasts of the company's year-end inventory turnover ratio? round your answer to two decimal ratio
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