1 From the following hypothetical data for Ruffa Co. in 2018 and 2019 to project revenues, cost of goods sold, and inventory for Year Assume that Riffa's Year 1 revenue growth rate, gross profit margin growth rate, and inventory turnover will be identical to 2019. Project the average inventory balance in Year +1 and sne it to computer the implied ending inventory balance Riffa Co Sales Revenue Cost of Goods Sold Ending Inventory Required: 1. Calculate Riffa Co. Year + 1 Revenue Growth Rate 2. Gross Profit Margin growth rate. 3. Inventory Turnover for 2019. 4. Projected Average Inventory Balance in Year +1. 5. Calculate Ending Inventory in Year +1. 2018 2019 84000 104544 56820 66520 6280 8480