1. A company expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.30(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year?

A. 3.40

B. 4.11

C. 3.26

D. 2.91