From the following hypothetical data for Riffa Co$.$ in $2018$ and $2019$ to project revenues, cost of goods sold, and inventory for Year $+1.$

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 use it to compute the implied ending inventory balance.

$\backslash$table$[[$Riffa Co$.,2018,2019],[$Cost of Goods Sold,$48520,56520],[$Gross Profit,$30560,36800],[$Ending Inventory,$6480,8260]]$

Required:

Calculate the followings for Riffa Co$.($consider $3$ decimal places$)$

Sales Revenue and Growth Rate for $Y+1$ year.

Inventory Turnover for $2019.$

Forecasted Gross Profit for $Y+1.$

Projected Average Inventory Balance in Year $+1$

Projected Ending Inventory for Year $+1.$