Jasper Furnishings has $300 million in sales. The companyexpects that its sales will increase 12 percent this year.Jaspers CFO uses a simple linear regression to forecast thecompanys inventory level for a given level of projectedsales. On the basis of recent history, the estimated relationshipbetween inventories and sales (in millions of dollars) is

Inventories = $25 +0.125 (Sales)

Given the estimated sales forecast and the estimatedrelationship between inventories and sales, what are your forecastsof the companys year-end inventory level and the inventoryturnover ratio?