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Complete the following problems - Projecting Revenue, Costs of Goods Sold and Inventory. Use the following data for Waltons in Years X-1 and X to
Complete the following problems - Projecting Revenue, Costs of Goods Sold and Inventory. Use the following data for Waltons in Years X-1 and X to project revenues, cost of goods sold, and inventory for Year X+1. Assume that Walton's Year X+1 revenue growth rate, gross profit margin, and inventory turnover will be identical to Year X. Project the average inventory balance in Year X and use it to compute the implied ending inventory balance. Round to the nearest dollar except for Inventory Turnover (IT). For IT round to 2 places beyond the decimal point. Walton's (data in millions) Year X+1 ? Revenue Cost of Goods Sold Ending Inventory Inventory Turnover Average Inventory Year X-1 $ 58,790 38,518 7,250 Year X $ 63.541 42,445 7,350 ? ? ? C. Replace the "?" with your answers and show your work below
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