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High Point Hosiery has 2020 sales of $10 million and COGS of $7 million. Additionally, Inventory for 2020 was $1 million. If sales are expected

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High Point Hosiery has 2020 sales of $10 million and COGS of $7 million. Additionally, Inventory for 2020 was $1 million. If sales are expected to increase by 5% and gross margin is expected to be maintained, but the COO wants inventory turnover to improve to 7.5x, what would be the forecast for Inventory for 2021? O A. $750,000 O B. $1,000,000 OC. $980,000 O D. $1,500,000

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