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onlineerica onlineerica
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A year ago
Suppose that Kamath-Meier Corporation’s CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = $19 + 0.23(Sales). The company expects sales of $500 million during the current year, and it expects sales to grow by 28% next year. All dollars are in millions. What is the inventory forecast for next year?


▸

$163.0



▸

$166.2



▸

$167.5



▸

$169.0

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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BAGrinderBAGrinder
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A year ago
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onlineerica Author
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A year ago
You make an excellent tutor!
klyn
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Yesterday
Smart ... Thanks!
Jadakiss
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2 hours ago
Good timing, thanks!
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