Current Attempt in Progress

Wildhorse Company had net sales of $$15\mathrm{.}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, eg$.5\mathrm{.}275$ and all other answers to $2$

decimal places, eg$.5\mathrm{.}27.)$

Expected net sales

$

million

Expected inventory

$

million

Expected cost of goods sold

$

million

Attempts: $0$ of $1$ used