I do not understand why this question was "closed". It only has 2 subparts, which per Chegg guidlines an expert can answer up to 4 subparts. It is NOT a lengthy problem, and it is a problem I need help with. I will leave an upvote only if both subparts are answered correctly.

Jasper Furnishings has $300 million in sales. The company expects that its sales will increase 12% this year. Jasper's CFO uses a simple linear regression to forecas: the company's inventory level for a given level of projected sales. On the basis of recent history, the estamated relationship between inventories and sales (in millions of dollars) is as follows: Inventones=550+0.290(Sales) Given the estumated sales forecast and the estimated relationship between inventones and sales, what are your forecasts of the campany's yeat iend inventory Invel? Enter vour answer in milions of dollars. Do not round intermediate calculations, Round your answer to three decimal plachs: malion What are your forecasts of the company's year-end irventory turnover ratio assumang that its cost of goods sold is 75% of sales? Do not round intermediate calculations. Aound your answer to two decinal places