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Blossom Company had net sales of $ 1 0 . 0 million in the year that just ended. Next year, the company's management expects a

Blossom Company had net sales of $10.0 million in the year that just ended. Next year, the company's management expects a 20 percent increase in sales. If cost of goods sold is 55 percent of sales and inventory is 25 percent of sales, what would you estimate sales, inventory, and cost of goods sold to be next year? (Round expected inventory to 2 decimal places, e.g.5.275 and all other answers to 2 decimal places, e.g.5.27.)
Expected net sales $ million
Expected inventory $ million
Expected cost of goods sold $ million

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