Jasper Furnishings has $300 million in sales. The company expects that its sales will increase 12 percent this year.

Jasper's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales.

On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is Inventories = $25 +0.125 (Sales)

Given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year-end inventory level and the inventory turnover ratio?